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2018 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 04 - General Powers Of Banks
- § 51A-4-1 Miscellaneous banking powers.
- § 51A-4-2 Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed.
- § 51A-4-3 Operation of travel agency.
- § 51A-4-4 Insurance business authorized.
- § 51A-4-5 Certificate of authority required to engage in banking business--Misdemeanor.
- § 51A-4-6 Order to cease and desist for violation--Right to appeal.
- § 51A-4-7 Arrest and prosecution for violation.
- § 51A-4-8 Deposit insurance required--Federal reserve system membership authorized.
- § 51A-4-9 Real property authorized to be held by bank--Maximum book value of premises.
- § 51A-4-10 Property authorized to be purchased to satisfy debts--Limitation on period of retention.
- § 51A-4-11 Repealed.
- § 51A-4-12 Checks settled at par--Payment from reserve deposits.
- § 51A-4-13 Borrowing money by bank--Pledge of assets.
- § 51A-4-14 "Bills payable" issued for money borrowed by bank--Record of amount borrowed.
- § 51A-4-15 Rediscounting of negotiable paper--Limitation on pledge of assets as security.
- § 51A-4-16 Sale, transfer, or assignment of loan participations.
- § 51A-4-17 Sale of assets of bank.
- § 51A-4-18 Grounds and procedure for nonobservance of banking hours--Extension of hours.
- § 51A-4-19 Change in banking hours--Notice to division.
- § 51A-4-20 Restriction on use of bank money to purchase other bank stock--Community investments authorized--Limitation on investment.
- § 51A-4-20.1 "Community development corporation" defined.
- § 51A-4-20.2 Qualification of community development corporation as permissible investment.
- § 51A-4-20.3 Promulgation of rules for investment in community development corporations.
- § 51A-4-20.4 Investments to promote public welfare authorized--Limitations.
- § 51A-4-21 Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as asset.
- § 51A-4-22 Purchase of retail installment contract--Terms and effect of agreement.
- § 51A-4-23 Leasing of personal property by bank--Terms and conditions.
- § 51A-4-24 Factoring--Applicability of lending limit provisions.
- § 51A-4-25 Bank investments--Restrictions set by rule--Limitations.
- § 51A-4-25.1 Annuity defined.
- § 51A-4-26 Exceptions to investment limitation--Purchase of federal, state, and municipal obligations and bonds or interim notes of South Dakota Building Authority.
- § 51A-4-27 Investments in agricultural credit corporations and livestock loan companies.
- § 51A-4-28 Restricted investment in mortgage banking companies authorized.
- § 51A-4-29 Banks authorized to make or purchase loans secured by real estate mortgages--Sale of loans to Federal National Mortgage Association--Capital contributions.
- § 51A-4-30 Investment in federally sponsored housing loans.
- § 51A-4-31 to 51A-4-40. Repealed.
- § 51A-4-41 Deposits from Value Added Finance Authority.
- § 51A-4-42 Restrictions on purchase of cash value life insurance contracts.
- § 51A-4-43 Access to motor vehicle title and lien information on state's computer system.
- § 51A-4-44 Financial institution and services defined.
- § 51A-4-45 Contracts for services.
- § 51A-4-46 Debt cancellation contracts and debt suspension contracts--Fee.
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