2012 South Dakota Codified Laws
Title 51A BANKS AND BANKING
Chapter 04. General Powers Of Banks
§51A-4-11 Conveyances of real property--Execution by executive officer--Validation of prior conveyances.
51A-4-11. Conveyances of real property--Execution by executive officer--Validation of prior conveyances. All conveyances and other instruments affecting the title to real property shall be executed by any executive officer of the bank, or employee so designated by the board of directors under the corporate seal of the bank.
All such conveyances or other instruments, which are executed by any one of such individuals and filed and recorded in the office of the register of deeds are hereby declared to be legal, valid and effective as of the date on which such instruments were so executed under such corporate seal.
Source: SL 1909, ch 222, art 2, § 16; SL 1915, ch 102, art 2, § 18; RC 1919, § 8965; SDC 1939, § 6.0411; SL 1951, ch 12; SDCL, §§ 51-3-21, 51-3-22; SL 1969, ch 11, § 4.6; SL 1970, ch 265, § 28; SL 1973, ch 291; SL 1988, ch 377, § 86; SDCL, § 51-18-6.
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