51A-1-5. Failure to obey director's orders--Civil liability.
Any officer, employee, or director of a bank who fails to obey any lawful order made by the director or commission under provisions of this title is subject to the imposition of a civil fine by the director or commission not exceeding one thousand dollars per violation for each day the officer, employee, director, or bank has willfully failed to comply with the order. Any funds received from such fines shall be deposited in the banking special revenue fund.
Source: SDC 1939, §6.9911; SDCL §51-1-4; SL 1969, ch 11, §1.4; SL 1980, ch 24, §76; SL 1988, ch 377, §3; SDCL §51-15-4; SL 2008, ch 252, §2.
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.