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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 07 - Branch Banks And Drive-In Facilities
§ 51A-7-25 Authority of director in case of violation by South Dakota branch of out-of-state bank.
Universal Citation: SD Codified L § 51A-7-25 (2017)
51A-7-25. Authority of director in case of violation by South Dakota branch of out-of-state bank. If it is determined that a branch maintained by an out-of-state state bank in South Dakota is being operated in violation of any provision of the laws of South Dakota or is being operated in an unsafe and unsound manner, the director has the authority to take any enforcement action as though the branch were a South Dakota state bank if the director gives notice to the home state regulator of the enforcement action.
Source: SL 1996, ch 280, ยง 13.
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