51A-7-7. National banks' branching authority.
Any national bank whose principal place of business is in this state is hereby authorized to do all things and perform all acts which state banks are permitted to do or perform under this chapter, subject to the conditions and restrictions provided for state banks as to exercise of like privileges.
Source: SL 1933 (SS), ch 2, §2; SDC 1939, §6.0402; SL 1957, ch 11; SDCL, §51-8-6; SL 1969, ch 11, §6.5; SDCL, §51-20-5.
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.