Section 51A-5-29 - Trust service office--Approvals for establishment. - South Dakota Statutes

51A-5-29. Trust service office--Approvals for establishment. Any state bank or trust company exercising trust powers may, with the approval of the director, or the comptroller of the currency, in the case of a national bank or trust company, establish and maintain a trust service office at any office in this state of a state or national bank, if the establishment thereof has been approved by the board of directors of the state or national bank at a meeting called for that purpose, and by the director or comptroller.

Source: SL 1984, ch 314, § 2; SL 1988, ch 377, § 117; SDCL, § 51-19-14; SL 1995, ch 268, § 77; SL 1997, ch 272, § 15.