South Dakota 03 — Organization, Applications, And Capital Structure Of Banking Corporations
- 51A-3-1 — Corporation laws applicable to banks.
- 51A-3-1.1 — Bank organized as limited liability company--Rules.
- 51A-3-2 — Articles of incorporation or articles of organization--Content--Name of bank--Capitalstock or members' equity.
- 51A-3-3 — Incorporators of bank.
- 51A-3-4 — Minimum capital stock.
- 51A-3-5 — Sale price of original stock issue or original issue of members' equity--Excesscredited to surplus.
- 51A-3-6 — Transfers to surplus.
- 51A-3-7 — Applications--Deposit for cost of processing.
- 51A-3-8 — Acceptance of application for charter.
- 51A-3-9 — Investigation by director on applications--Report to commission.
- 51A-3-10 — Investigation by commission on applications--Preparation and filing of findings andconclusions.
- 51A-3-11 — Approval or disapproval of application.
- 51A-3-12 — Endorsement and filing of approved articles--Notice of disapproval.
- 51A-3-13 — Subscription of shares--Minimum collection--Refund on disapproval of applicationfor charter.
- 51A-3-14 — Call by incorporators for full payment of subscriptions--Issuance of certificate ofauthority by director--Commencement of business within one year.
- 51A-3-15 — Applications for branch banks and detached drive-in facilities--Applicableprovisions.
- 51A-3-16 — Preferred stock, capital notes, and debentures--Director approval of issuance--Termsof issue--Director approval of retirement or payment.
- 51A-3-17 — Preferred stock, capital notes, and debentures outstanding--Restrictions on dividends.
- 51A-3-17.1 — Dividends--Definition.
- 51A-3-18 — Dividends--Restrictions and requirements for declaration.
- 51A-3-19 — Approval of director required for unusually large dividends.
- 51A-3-20 — Recovery of dividends paid when capital impaired.
- 51A-3-21 — Net profits defined.
- 51A-3-22 — Amendment of articles of incorporation--Changes requiring approval of director--Filing of amendments.
- 51A-3-23 — Extension of charter.
- 51A-3-24 — Reporting transfers of stock.
- 51A-3-25 — Change in control of bank.
- 51A-3-26 — Lien on shares--Enforcement--Marking of certificates.
- 51A-3-27 — Purchase or purchase money loans on security of own stock prohibited--Exception.
- 51A-3-28 — Credit of dividends, interest, or profits on indebtedness--Foreclosure of lien.
- 51A-3-29 — Voting trust agreement.
- 51A-3-30 — Adoption and approval of bylaws.
- 51A-3-31 — Indemnification of officers, directors, or employees.
- 51A-3-32 — Board of directors--Number of members--Citizenship requirements--Election.
- 51A-3-33 — Removal of directors--Vote required.
- 51A-3-34 — Meetings of directors.
- 51A-3-35 — Election of officers--Terms--Vacancies.
- 51A-3-36 — Names of officers and information forwarded to director--Vacancy on refusal toconfirm.
- 51A-3-37 — Bonds of officers and employees.
- 51A-3-38 — Insurance protection.
- 51A-3-39 — Amount of bonds and insurance prescribed by bank directors--Approval by directorof division.