Section 51A-4-2 - Purchase and sale of securities on order of customer--Contract with securitiesbrokerage services allowed. - South Dakota Statutes

51A-4-2. Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed. A bank may, directly or through subsidiaries, purchase or sell without recourse any security upon the order of a customer for his account. The terms of this section shall be construed to permit banks to contract with securities brokerage services.

Source: SL 1969, ch 11, § 4.7; SDCL, § 51-18-7; SL 1988, ch 377, § 87; SDCL, § 51-18-1.1.