51A-9-4. Ownership of bank or bank holding company stock prohibited.
No bank service corporation may purchase, hold or acquire the capital stock of any state or national bank or of any bank holding company.
Source: SL 1970, ch 265, §41; SL 1988, ch 377, §133; SDCL, §51-21-3.1.
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.