South Dakota 05 — Trust Business Of Banks
- 51A-5-1 — Use of "trust" in name restricted--Exercise of trust powers restricted--Misdemeanor.
- 51A-5-1.1 — Powers of banks engaging in trust business.
- 51A-5-1.2 — "Trust business" defined.
- 51A-5-2 — Bank as trustee or custodian for retirement benefit plans.
- 51A-5-3 — Fiduciary authority of bank authorized by charter to exercise trust powers.
- 51A-5-4 — Deposit required to do trust business--Amount and form of deposit--Disposition ofincome.
- 51A-5-5 — Deposit available for satisfaction of claims upon liquidation, abandonment of trustpowers, or resignation from fiduciary positions.
- 51A-5-6 — National banks' authority to engage in trust business--Examination of trust business--Acceptance of federal examination.
- 51A-5-7 — Foreign bank or trust company to comply with requirements to act as fiduciary instate--Violation as misdemeanor.
- 51A-5-8 — Reciprocal privileges extended to foreign bank or trust company acting as fiduciary.
- 51A-5-9 — Filing with Office of the Secretary of State by foreign bank or trust company actingas fiduciary--Designation as agent to receive process--Service of process.
- 51A-5-10 — Establishment of place of business not permitted or prohibited by filing requirements.
- 51A-5-11 — Investment powers of trust company.
- 51A-5-12 — Voting of bank shares by cotrustee.
- 51A-5-13 — Segregation of assets held by bank as fiduciary.
- 51A-5-14 — Deposit of federally guaranteed securities with federal reserve bank.
- 51A-5-15 — Records of depositor to show ownership of securities--Transfers by book entries.
- 51A-5-16 — Duty of custodian to certify deposited securities to fiduciary--Duty of fiduciary.
- 51A-5-17 — Application of provisions to fiduciaries and custodians whenever appointed.
- 51A-5-18 — Deposits of cash held by bank as fiduciary.
- 51A-5-19 — Oath or bond not required of bank to qualify as fiduciary.
- 51A-5-20 — Nominees used by bank acting as fiduciary or cofiduciary.
- 51A-5-21 — Deposit in clearing corporation of securities held as fiduciary or custodian.
- 51A-5-22 — Ownership of stock in clearing corporation not required for deposit of securities byfiduciary or custodian.
- 51A-5-23 — Holding in bulk of securities deposited in clearing corporation--Merger ofcertificates.
- 51A-5-24 — Records of securities deposited in clearing corporation--Transfer by book entry--Certification to interested party of securities held.
- 51A-5-25 — Approval or ratification of acceptance or relinquishment of fiduciary accounts byboard of directors or committee.
- 51A-5-26 — Supervision of investment of fiduciary funds by committee designated by board ofdirectors.
- 51A-5-27 — Reports of committees designated to supervise fiduciary accounts.
- 51A-5-28 — Trust service office defined.
- 51A-5-29 — Trust service office--Approvals for establishment.
- 51A-5-30 — Trust service office--Business allowed.
- 51A-5-31 — Trust service office--Agreement between institutions--Filing--Notice--Contents--Substitution as fiduciary.
- 51A-5-32 — Trust service office--Persons to whom notice required--Denial of substitution.