South Dakota Codified Laws
Chapter 02 - Division Of Banking
Section 51A-2-23 - Review of removal order by commission.

51A-2-23. Review of removal order by commission.
The commission shall approve or disapprove any removal order requested by the director pursuant to §51A-2-22. Any proceeding held pursuant to this section shall conform with the provisions of chapter 1-26 governing contested cases.

Source: SL 1981, ch 346, §12; SL 1988, ch 377, §39; SDCL, §51-16-25.1.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 51A - Banks and Banking

Chapter 02 - Division Of Banking

Section 51A-2-1 - Establishment of Division of Banking.

Section 51A-2-2 - Department and commission as division within Department of Labor and Regulation--Direction and supervision by department--Independent functions retained by division.

Section 51A-2-3 - Director of division--Vacancy--Qualifications.

Section 51A-2-4 - Director of division--Appointment and removal.

Section 51A-2-5 - Deputy director--Appointment--Powers and duties.

Section 51A-2-6 - Staff employees--Compensation--Dismissal--Background investigation.

Section 51A-2-7 - Appointment of State Banking Commission--Director as executive officer--Qualifications of members.

Section 51A-2-8 - Terms of commission members--Vacancies--Removal for cause.

Section 51A-2-9 - Chairman and secretary of commission--Per diem and expenses of members.

Section 51A-2-10 - Meetings of commission.

Section 51A-2-11 - Quorum--Replacement of nonparticipating member.

Section 51A-2-12 - Clerical, technical, and legal assistance for commission.

Section 51A-2-13 - Rules promulgated by commission.

Section 51A-2-14 - Rules granting additional authority to banks to promote competitive equality.

Section 51A-2-14.1 - State chartered banks granted powers allowed federally chartered banks.

Section 51A-2-14.2 - Restrictions on federally chartered banks apply to state chartered banks.

Section 51A-2-15 - Considerations of commission in making rules and regulations.

Section 51A-2-16 - Applications to organize or change control of bank, to merge, to open or close branch banks, or to change location.

Section 51A-2-17 - Forms of advertising.

Section 51A-2-18 - Examination of banks by director--Substitution for examination requirements.

Section 51A-2-19 - Subpoena power--Witness fees and mileage.

Section 51A-2-20 - Examination by director upon application by board--Fees and expenses.

Section 51A-2-21 - Order to prohibit stockholders' action pending judicial determination.

Section 51A-2-22 - Removal of director, officer, or employee of bank--Grounds for order by director.

Section 51A-2-23 - Review of removal order by commission.

Section 51A-2-24 - Accounting practices--Valuation of assets--Required practices to protect loans.

Section 51A-2-25 - Temporary order of director against unsound practice.

Section 51A-2-26 - Permanent order of commission against unsound practice.

Section 51A-2-27 - Injunctive relief.

Section 51A-2-28 - Seal of director.

Section 51A-2-29 - Record of fees--Disposition of money collected.

Section 51A-2-30 - Banking special revenue fund created--Disbursements.

Section 51A-2-31 - Copies of official records and papers in office of division--Evidentiary value--Fee for certified copy.

Section 51A-2-32 - Oaths and bonds of commissioners, director, deputy director, examiners and special examiners, and other division personnel.

Section 51A-2-33 - Secrecy oath of commissioners, director and division officers and employees--Exceptions to secrecy requirements.

Section 51A-2-34 - Interest in bank by division officers or employees prohibited--Relinquishment of interest by director or deputy for term of office.

Section 51A-2-35 - Records of division open to public inspection--Exceptions--Court order.

Section 51A-2-36 - Examination and supervision fees.

Section 51A-2-37 - Examinations of parent corporations by director--Penalty for refusal to allow examination.