STATE STATUTES & CODES
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SOUTH DAKOTA STATUTES AND CODES
Chapter 04 - General Powers Of Banks
- Section 51A-4-1 - Miscellaneous banking powers.
- Section 51A-4-2 - Purchase and sale of securities on order of customer--Contract with securitiesbrokerage services allowed.
- Section 51A-4-3 - Operation of travel agency.
- Section 51A-4-4 - Insurance business authorized.
- Section 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.
- Section 51A-4-7 - Arrest and prosecution for violation.
- Section 51A-4-8 - Deposit insurance required--Federal reserve system membership authorized.
- Section 51A-4-9 - Real property authorized to be held by bank--Maximum book value of premises.
- Section 51A-4-10 - Property authorized to be purchased to satisfy debts--Limitation on period ofretention.
- Section 51A-4-11 - Conveyances of real property--Execution by executive officer--Validation of priorconveyances.
- Section 51A-4-12 - Checks settled at par--Payment from reserve deposits.
- Section 51A-4-13 - Borrowing money by bank--Pledge of assets.
- Section 51A-4-14 - "Bills payable" issued for money borrowed by bank--Record of amount borrowed.
- Section 51A-4-15 - Rediscounting negotiable paper--Limitation on pledge of assets as security--Prohibition against sale of commercial paper with recourse.
- Section 51A-4-16 - Sale, transfer, or assignment of loan participations.
- Section 51A-4-17 - Sale of assets of bank.
- Section 51A-4-18 - Grounds and procedure for nonobservance of banking hours--Extension of hours.
- Section 51A-4-19 - Change in banking hours--Notice to division.
- Section 51A-4-20 - Restriction on use of bank money to purchase other bank stock--Communityinvestments authorized--Limitation on investment.
- Section 51A-4-20.1 - "Community development corporation" defined.
- Section 51A-4-20.2 - Qualification of community development corporation as permissible investment.
- Section 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.
- Section 51A-4-21 - Bad debts--Maximum time allowed before charge-off--Overdraft not allowed asasset.
- Section 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.
- Section 51A-4-24 - Factoring--Applicability of lending limit provisions.
- Section 51A-4-25 - Bank investments--Restrictions set by rule--Limitations.
- Section 51A-4-25.1 - Annuity defined.
- Section 51A-4-26 - Exceptions to investment limitation--Purchase of federal, state, and municipalobligations and bonds or interim notes of South Dakota Building Authority.
- Section 51A-4-27 - Investments in agricultural credit corporations and livestock loan companies.
- Section 51A-4-28 - Restricted investment in mortgage banking companies authorized.
- Section 51A-4-29 - Banks authorized to make or purchase loans secured by real estate mortgages--Saleof loans to Federal National Mortgage Association--Capital contributions.
- Section 51A-4-30 - Investment in federally sponsored housing loans.
- Sections 51A-4-31 to 51A-4-40 - Repealed
- Section 51A-4-41 - Deposits from Value Added Finance Authority.
- Section 51A-4-42 - Restrictions on purchase of cash value life insurance contracts.
- Sections 51A-4-43, 51A-4-44 - Access to motor vehicle title and lien information on state's computer system. "Financial Institution" and "Services" defined
- Section 51A-4-45 - Contracts for services.
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