2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 06 - Trust Companies
§ 51A-6-1 Definition of terms.
51A-6-1. Definition of terms. Terms used in this chapter, unless the context otherwise requires, shall mean:
(1) "Main office," with respect to a trust company or an affiliated bank, the place designated in the articles of incorporation or articles of association of such trust company or affiliated bank which is its principal place of business;
(2) "Trust company," any corporation which is incorporated under the laws of this state, and any national bank which has its main office in this state, and which has as its sole purpose the conduct of trust business;
(3) "Trust office," with respect to a trust company, an office, including the main office, of such trust company maintained for the purpose of conducting its business.
Source: SL 1976, ch 304, § 1 (1), (4), (5); SDCL, § 51-19A-1.
