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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 04 - General Powers Of Banks
§ 51A-4-2 Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed.
Universal Citation: SD Codified L § 51A-4-2 (2017)
51A-4-2. Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed. A bank may, directly or through subsidiaries, purchase or sell without recourse any security upon the order of a customer for his account. The terms of this section shall be construed to permit banks to contract with securities brokerage services.
Source: SL 1969, ch 11, § 4.7; SDCL, § 51-18-7; SL 1988, ch 377, § 87; SDCL, § 51-18-1.1.
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