51A-9-3. Authority of bank service corporation.
No bank service corporation may engage in any activity other than the performance of bank services for banks.
Source: SL 1963, ch 29, §3; SDCL, §51-9-2; SL 1969, ch 11, §7.3; SDCL, §51-21-3.
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.