51A-7-3. Capital requirements for bank operating branch.
Any bank operating a branch bank or banks shall have total capital of not less than the minimum amount required by rule of the commission.
Source: SL 1933 (SS), ch 2, §2; SDC 1939, §6.0402; SL 1957, ch 11; SDCL, §51-8-4; SL 1969, ch 11, §6.3; SL 1982, ch 334, §2; SL 1988, ch 377, §127; SDCL, §51-20-3.
Structure South Dakota Codified Laws
Chapter 07 - Branch Banks And Drive-In Facilities
Section 51A-7-1 - Operation of branches.
Section 51A-7-2 - Examination of branches.
Section 51A-7-3 - Capital requirements for bank operating branch.
Section 51A-7-4 - Establishment of branch banks.
Section 51A-7-6 - Closing branch--Approval required--Violation as misdemeanor.
Section 51A-7-7 - National banks' branching authority.
Section 51A-7-8 - Detached drive-in facility--Requirements for construction and operation.
Section 51A-7-9 - "Detached" defined.
Section 51A-7-10 - Limitation on functions of detached drive-in facility.
Section 51A-7-11 - Construction or operation of detached drive-in facility--Approval required.
Section 51A-7-12 - Indication of parent bank on branches and drive-in facilities.
Section 51A-7-13 - Definition of terms.
Section 51A-7-14 - Interstate branches--Approval required.
Section 51A-7-15 - Application to establish interstate branch--Fee.
Section 51A-7-16 - Restrictions on branches by other states.
Section 51A-7-19 - Examination of out-of-state bank's South Dakota branch.
Section 51A-7-20 - Reports required from out-of-state bank with South Dakota branch.
Section 51A-7-26 - Promulgation of rules to establish fees.