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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 06A - Creation Of Trust Companies
§ 51A-6A-32 Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations.
Universal Citation: SD Codified L § 51A-6A-32 (2017)
51A-6A-32. Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations. If upon the examination of any trust company, the director considers it necessary, the director may examine the fiduciary affairs of any officer or employee of any trust company; and upon similar determination, the director may examine any investment company or holding company or corporation that is affiliated with any trust company as to matters relevant to the safety and soundness of the trust company. Determinations by the director pursuant to this section are subject to review by the commission pursuant to chapter 1-26.
Source: SL 1995, ch 268, § 30; SL 2014, ch 226, § 3.
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