51A-9-2. Investment in bank service corporation.
Any bank shall have power to purchase capital stock, bonds, debentures, or other such obligations of a bank service corporation.
Source: SL 1963, ch 29, §2; SDCL, §51-9-3; SL 1969, ch 11, §7.2; SDCL, §51-21-2.
Structure South Dakota Codified Laws
Chapter 09 - Bank Service Corporations
Section 51A-9-1 - "Bank service corporation" and "bank services" defined.
Section 51A-9-2 - Investment in bank service corporation.
Section 51A-9-3 - Authority of bank service corporation.
Section 51A-9-4 - Ownership of bank or bank holding company stock prohibited.