South Dakota 06A — Creation Of Trust Companies
- 51A-6A-1 — Definitions.
- 51A-6A-2 — Confidential information.
- 51A-6A-3 — "Community" defined.
- 51A-6A-4 — Application to be approved by commission--Approval procedure--Emergencyprocedure.
- 51A-6A-5 — Examination and investigation of applicant.
- 51A-6A-6 — Application fee.
- 51A-6A-6.1 — Repealed.
- 51A-6A-7 — Articles of organization or incorporation--Submission and approval--Requiredinformation.
- 51A-6A-8 — Amendment of articles--Extension of existence.
- 51A-6A-9 — Starting date of trust company existence--Commencement of business.
- 51A-6A-10 — Statement of payment of capital--Fee--Certificate of organization.
- 51A-6A-11 — Authority to transact business required--Violation as misdemeanor.
- 51A-6A-12 — List of owners--Annual submission to director--Verification of list.
- 51A-6A-13 — Governing board--Membership--Election--Vacancies.
- 51A-6A-14 — Officers of governing board--Bond required.
- 51A-6A-15 — Meetings of governing board--Examination and audit of books and records.
- 51A-6A-16 — Oath of board members.
- 51A-6A-17 — Persons convicted of certain crimes ineligible to serve as board members--Violationas misdemeanor.
- 51A-6A-18 — Repealed.
- 51A-6A-19 — Determining capital--Minimum--Purpose of capital--Surety bond, fidelity bond, orliability insurance policy.
- 51A-6A-20 — Stock or ownership units--Payment of subscriptions--Reduction of common stock.
- 51A-6A-21 — Transferring stock and ownership units.
- 51A-6A-22 — Increasing capital stock or ownership units.
- 51A-6A-23 — Registration of capital stock or ownership units.
- 51A-6A-24 — Issuance of preferred stock.
- 51A-6A-25 — Rights and liability of preferred stockholders--Dividends.
- 51A-6A-26 — Issuance of convertible or nonconvertible capital notes or debentures.
- 51A-6A-27 — Source of dividends.
- 51A-6A-28 — Dividends from undivided profits.
- 51A-6A-29 — Powers of trust company.
- 51A-6A-30 — Retention of records--Promulgation of rules--Reproduction of records--Duty ofconfidentiality.
- 51A-6A-31 — Periodic examination of trust company--Report of examination--Cooperative,coordinating and information-sharing agreements among agencies.
- 51A-6A-32 — Examination of fiduciary affairs of officers or employees--Examination of affiliatedcompanies or corporations.
- 51A-6A-33 — Examination expenses paid by trust companies--Fees.
- 51A-6A-34 — Annual report of trust company to director--Form of report--Request for additionalreports.
- 51A-6A-35 — Authority of trust company revoked upon obstruction or interference with, or refusalto submit to, examination of director.
- 51A-6A-36 — Service of notice of charges--Contents of notice--Temporary cease and desist order.
- 51A-6A-37 — Revocation of franchise for failure to comply with lawful requirements.
- 51A-6A-38 — Hearing on revocation of trust authority.
- 51A-6A-39 — Confidentiality of information generated by examination--Notice of intent todisclose--Hearing.
- 51A-6A-40 — Correction of unsafe or unsound condition or operation--Appointment of specialassistant--Appeal of appointment.
- 51A-6A-41 — Insolvency defined.
- 51A-6A-42 — Director to take charge of insolvent trust company--Appointment of special assistant.
- 51A-6A-43 — Plan for reorganization of insolvent trust company.
- 51A-6A-44 — Appointment of receiver--Bond--Qualifications--Report--Removal.
- 51A-6A-45 — Powers and duties of receiver--Order of payment of liabilities.
- 51A-6A-45.1 — Liability of receiver.
- 51A-6A-46 — Periodic examination of trust company in the hands of a receiver.
- 51A-6A-46.1 — Suspension, liquidation, order against unsound practice, or injunction.
- 51A-6A-46.2 — Confidentiality of information--Inapplicability to certain actions.
- 51A-6A-47 — Acquisition of trust company--Notice to director--Approval--Order of disapproval--Hearing.
- 51A-6A-48 — Contents of notice of proposed acquisition.
- 51A-6A-49 — Reason for disapproval of acquisition.
- 51A-6A-50 — Procedure for merging, consolidating with, or transferring assets and liabilities to,another bank or trust company.
- 51A-6A-51 — Necessity of execution or delivery of deed for merger or consolidation.
- 51A-6A-52 — Fiduciary capacity of successor trust company.
- 51A-6A-53 — Name of trust company--Name change.
- 51A-6A-54 — Approval required for changing place of business--Examination and investigation bydirector.
- 51A-6A-55 — Agreements between contracting trustee and original trustee as to authority ofcontracting trustee.
- 51A-6A-56 — Notice to director of agreement with contracting trustee.
- 51A-6A-57 — Notice of disapproval of agreement with contracting trustee--Petition to removecontracting trustee.
- 51A-6A-58 — Establishment of trust service offices--Form and content of application--Notice.
- 51A-6A-59 — Hearing held upon filing of objection to application for establishing trust serviceoffices.
- 51A-6A-60 — Conditions for approval of application to establish trust service offices--Petition forreview of final decision.
- 51A-6A-61 — Membership in federal reserve bank.
- 51A-6A-62 — Depositing securities into federal reserve bank.
- 51A-6A-63 — Registering investments in name of nominee--Liability of trust company.
- 51A-6A-64 — Establishment of common trust fund--Investment of funds in common trust fund.
- 51A-6A-65 — Conversion from state bank to trust company--Application--Investigation--Regulation.