South Dakota Codified Laws
Title 51A - Banks and Banking
Chapter 04 - General Powers Of Banks

Section 51A-4-1 - Miscellaneous banking powers. - 51A-4-1. Miscellaneous banking powers. In addition to powers otherwise conferred...

Section 51A-4-1.1 - Banking with industrial hemp or marijuana licensees and associated persons authorized. - 51A-4-1.1. Banking with industrial hemp or marijuana licensees and associated...

Section 51A-4-2 - Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed. - 51A-4-2. Purchase and sale of securities on order of customer--Contract...

Section 51A-4-3 - Operation of travel agency. - 51A-4-3. Operation of travel agency. A bank may operate a...

Section 51A-4-4 - Insurance business authorized. - 51A-4-4. Insurance business authorized. A bank is expressly empowered, directly...

Section 51A-4-5 - Certificate of authority required to engage in banking business--Misdemeanor. - 51A-4-5. Certificate of authority required to engage in banking business--Misdemeanor....

Section 51A-4-6 - Order to cease and desist for violation--Right to appeal. - 51A-4-6. Order to cease and desist for violation--Right to appeal....

Section 51A-4-7 - Arrest and prosecution for violation. - 51A-4-7. Arrest and prosecution for violation. The director may take...

Section 51A-4-8 - Deposit insurance required--Federal reserve system membership authorized. - 51A-4-8. Deposit insurance required--Federal reserve system membership authorized. Any bank...

Section 51A-4-9 - Real property authorized to be held by bank--Maximum book value of premises. - 51A-4-9. Real property authorized to be held by bank--Maximum book...

Section 51A-4-10 - Property authorized to be purchased to satisfy debts--Limitation on period of retention. - 51A-4-10. Property authorized to be purchased to satisfy debts--Limitation on...

Section 51A-4-12 - Checks settled at par--Payment from reserve deposits. - 51A-4-12. Checks settled at par--Payment from reserve deposits. Except as...

Section 51A-4-13 - Borrowing money by bank--Pledge of assets. - 51A-4-13. Borrowing money by bank--Pledge of assets. A bank may...

Section 51A-4-14 - "Bills payable" issued for money borrowed by bank--Record of amount borrowed. - 51A-4-14."Bills payable" issued for money borrowed by bank--Record of amount...

Section 51A-4-15 - Rediscounting of negotiable paper--Limitation on pledge of assets as security. - 51A-4-15. Rediscounting of negotiable paper--Limitation on pledge of assets as...

Section 51A-4-16 - Sale, transfer, or assignment of loan participations. - 51A-4-16. Sale, transfer, or assignment of loan participations. A bank...

Section 51A-4-17 - Sale of assets of bank. - 51A-4-17. Sale of assets of bank. A bank may sell...

Section 51A-4-18 - Grounds and procedure for nonobservance of banking hours--Extension of hours. - 51A-4-18. Grounds and procedure for nonobservance of banking hours--Extension of...

Section 51A-4-19 - Change in banking hours--Notice to division. - 51A-4-19. Change in banking hours--Notice to division. If any bank...

Section 51A-4-20 - Restriction on use of bank money to purchase other bank stock--Community investments authorized--Limitation on investment. - 51A-4-20. Restriction on use of bank money to purchase other...

Section 51A-4-20.1 - "Community development corporation" defined. - 51A-4-20.1."Community development corporation" defined. For the purposes of §§51A-4-20 to...

Section 51A-4-20.2 - Qualification of community development corporation as permissible investment. - 51A-4-20.2. Qualification of community development corporation as permissible investment. To...

Section 51A-4-20.3 - Promulgation of rules for investment in community development corporations. - 51A-4-20.3. Promulgation of rules for investment in community development corporations....

Section 51A-4-20.4 - Investments to promote public welfare authorized--Limitations. - 51A-4-20.4. Investments to promote public welfare authorized--Limitations. A bank may...

Section 51A-4-21 - Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as asset. - 51A-4-21. Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as...

Section 51A-4-22 - Purchase of retail installment contract--Terms and effect of agreement. - 51A-4-22. Purchase of retail installment contract--Terms and effect of agreement....

Section 51A-4-23 - Leasing of personal property by bank--Terms and conditions. - 51A-4-23. Leasing of personal property by bank--Terms and conditions. A...

Section 51A-4-24 - Factoring--Applicability of lending limit provisions. - 51A-4-24. Factoring--Applicability of lending limit provisions. A bank may engage...

Section 51A-4-25 - Bank investments--Restrictions set by rule--Limitations. - 51A-4-25. Bank investments--Restrictions set by rule--Limitations. A bank may purchase...

Section 51A-4-25.1 - Annuity defined. - 51A-4-25.1. Annuity defined. For the purposes of §51A-4-25, an annuity...

Section 51A-4-26 - Exceptions to investment limitation--Purchase of federal, state, and municipal obligations and bonds or interim notes of South Dakota Building Authority. - 51A-4-26. Exceptions to investment limitation--Purchase of federal, state, and municipal...

Section 51A-4-27 - Investments in agricultural credit corporations and livestock loan companies. - 51A-4-27. Investments in agricultural credit corporations and livestock loan companies....

Section 51A-4-28 - Restricted investment in mortgage banking companies authorized. - 51A-4-28. Restricted investment in mortgage banking companies authorized. Any bank...

Section 51A-4-29 - Banks authorized to make or purchase loans secured by real estate mortgages--Sale of loans to Federal National Mortgage Association--Capital contributions. - 51A-4-29. Banks authorized to make or purchase loans secured by...

Section 51A-4-30 - Investment in federally sponsored housing loans. - 51A-4-30. Investment in federally sponsored housing loans. Banks and trust...

Section 51A-4-42 - Restrictions on purchase of cash value life insurance contracts. - 51A-4-42. Restrictions on purchase of cash value life insurance contracts....

Section 51A-4-43 - Access to motor vehicle title and lien information on state's computer system. - 51A-4-43. Access to motor vehicle title and lien information on...

Section 51A-4-44 - Financial institution and services defined. - 51A-4-44. Financial institution and services defined. Terms used in §51A-4-45...

Section 51A-4-45 - Contracts for services. - 51A-4-45. Contracts for services. Unless prohibited by another provision of...

Section 51A-4-46 - Debt cancellation contracts and debt suspension contracts--Fee. - 51A-4-46. Debt cancellation contracts and debt suspension contracts--Fee. A bank...