51A-2-32. Oaths and bonds of commissioners, director, deputy director, examiners and special examiners, and other division personnel.
Before entering upon his duties, each of the persons hereinafter mentioned, and such other persons in positions of trust named by the commission, shall take and subscribe to the oath of office prescribed by the Constitution, and each shall give to the state a corporate surety bond to be approved, recorded, and filed as the official bonds of other state officers, conditioned for the faithful discharge of the duties of his office. Such bonds may be in individual, schedule, or blanket form and shall be in the following sums: the director, twenty-five thousand dollars; the deputy director, twenty-five thousand dollars; examiners and special examiners, each, twenty-five thousand dollars; all other persons, in an amount fixed by the commission. The premium for the bond of all such officers shall be paid as provided by law for the bonds of other public officers.
Source: SL 1909, ch 222, art 1, §2; SL 1911, ch 256, §2; SL 1915, ch 102, art 1, §2; SL 1917, ch 140, §1; RC 1919, §8918; SL 1921, ch 135; SL 1933, ch 47, §3; SL 1933, ch 56; SDC 1939, §6.0202; SDCL, §§51-2-11, 51-2-13; SL 1969, ch 11, §2.22; SL 1989, ch 408; SDCL, §51-16-32.
Structure South Dakota Codified Laws
Chapter 02 - Division Of Banking
Section 51A-2-1 - Establishment of Division of Banking.
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-2-8 - 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-2-17 - 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-2-35 - Records of division open to public inspection--Exceptions--Court order.