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2018 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 03 - Organization, Applications, And Capital Structure Of Banking Corporations
- § 51A-3-1 Corporation laws applicable to banks.
- § 51A-3-1.1 Bank organized as limited liability company--Rules.
- § 51A-3-2 Articles of incorporation or articles of organization--Content--Name of bank--Capital stock or members' equity.
- § 51A-3-3 Incorporators of bank.
- § 51A-3-4 Minimum capital.
- § 51A-3-5 Sale price of original stock issue or original issue of members' equity--Excess credited to surplus.
- § 51A-3-6 Transfers to surplus.
- § 51A-3-7 Applications--Deposit for cost of processing.
- § 51A-3-8 Acceptance of application for charter.
- § 51A-3-9 Conditions to be considered in ruling on application.
- § 51A-3-10 Hearing on application.
- § 51A-3-11 Repealed.
- § 51A-3-12 Endorsement and filing of approved articles--Notice of disapproval.
- § 51A-3-13 Subscription of shares--Minimum collection--Refund on disapproval of application.
- § 51A-3-14 Call by incorporators for full payment of subscriptions--Issuance of certificate of authority by director--Commencement of business within one year.
- § 51A-3-15 Applications for branch banks and detached drive-in facilities--Applicable provisions.
- § 51A-3-16 Preferred stock, capital notes, and debentures--Director approval of issuance--Terms of issue--Director approval of retirement or payment.
- § 51A-3-17 Preferred stock, capital notes, and debentures outstanding--Restrictions on dividends.
- § 51A-3-17.1 Dividends--Definition.
- § 51A-3-18 Dividends--Restrictions and requirements for declaration.
- § 51A-3-19 Approval of director required for unusually large dividends.
- § 51A-3-20 Recovery of dividends paid when capital impaired.
- § 51A-3-21 Net profits defined.
- § 51A-3-22 Amendment of articles of incorporation--Changes requiring approval of director--Filing of amendments.
- § 51A-3-23 Extension of charter.
- § 51A-3-24 Reporting transfers of stock.
- § 51A-3-25 Change in control of bank.
- § 51A-3-26 Lien on shares--Enforcement--Marking of certificates.
- § 51A-3-27 Purchase or purchase money loans on security of own stock prohibited--Exception.
- § 51A-3-28 Credit of dividends, interest, or profits on indebtedness--Foreclosure of lien.
- § 51A-3-29 Repealed.
- § 51A-3-30 Adoption and approval of bylaws.
- § 51A-3-31 Indemnification of officers, directors, or employees.
- § 51A-3-32 Board of directors--Number of members--Citizenship requirements--Election.
- § 51A-3-33 Removal of directors--Vote required.
- § 51A-3-34 Meetings of directors.
- § 51A-3-35 Election of officers--Terms--Vacancies.
- § 51A-3-36 Names of officers and information forwarded to director--Vacancy on refusal to confirm.
- § 51A-3-37 Bonds of officers and employees.
- § 51A-3-38 Insurance protection.
- § 51A-3-39 Amount of bonds and insurance prescribed by bank directors--Approval by director of division.
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