51A-1-1. Applicability of provisions--Retention of capital structure by banks.
Any bank, branch bank, drive-in facility, bank service corporation or other entity by its term subject to this title, is subject to this title, except that the legality of their organization under prior law is not affected by this title. Banks may retain their capital structure. However the director may order any bank to comply with the capitalization requirements of this title or such additional amounts as he deems necessary upon a finding by him that the sound conduct of banking will be jeopardized by the retention of such prior capital structure.
Source: SL 1969, ch 11, §1.13; SDCL, §51-15-13; SL 1988, ch 377, §11; SDCL, §51-15-1.1.
Structure South Dakota Codified Laws
Chapter 01 - Definitions, General Provisions And Penalties
Section 51A-1-1 - Applicability of provisions--Retention of capital structure by banks.
Section 51A-1-2 - Definition of terms.
Section 51A-1-4 - Disqualification of officer, employee or director for violation--Civil liability.
Section 51A-1-5 - Failure to obey director's orders--Civil liability.
Section 51A-1-6 - Procedure to recover fine.
Section 51A-1-7 - Injunction against violation.
Section 51A-1-9 - Concealment of bank transactions as misdemeanor.
Section 51A-1-10 - False entries--Obstruction of examination--Felonies.
Section 51A-1-11 - False filing as misdemeanor.
Section 51A-1-14 - Receipt, possession, or sale of misappropriated funds or information as felony.
Section 51A-1-15 - Acknowledgments by officers or employees of banks validated.
Section 51A-1-16 - Severability of provisions.
Section 51A-1-17 - No duty to disclose information about customers--Exceptions.