South Dakota Codified Laws
Chapter 02 - Division Of Banking
Section 51A-2-5 - Deputy director--Appointment--Powers and duties.

51A-2-5. Deputy director--Appointment--Powers and duties.
The secretary of labor and regulation may appoint a deputy director who shall devote all of his time to the duties of the office.
During the absence or disqualification of the director or during a vacancy in such office, the deputy, as acting director, shall perform the duties of the director.

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 56; SDC 1939, §6.0207; SDCL §51-2-2; SL 1969, ch 11, §2.3; SL 1979, ch 322; SL 1988, ch 377, §19; SDCL §51-16-3; SL 2003, ch 272 (Ex. Ord. 03-1), §24; SL 2011, ch 1 (Ex. Ord. 11-1), §162, eff. Apr. 12, 2011.

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.