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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 05 - Trust Business Of Banks
§ 51A-5-13 Segregation of assets held by bank as fiduciary.
Universal Citation: SD Codified L § 51A-5-13 (2017)
51A-5-13. Segregation of assets held by bank as fiduciary. A bank holding any asset as fiduciary, shall:
(1) Segregate all such assets from any other assets of the bank and from the assets of other trusts, except as may be expressly provided otherwise by law or by the writing creating the trust.
(2) Record such assets in a separate set of books maintained for fiduciary activities.
Source: SL 1969, ch 11, § 5.6; SL 1975, ch 292, §§ 1, 2; SDCL, § 51-19-7.
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