Section 51A-6A-11 - Authority to transact business required--Violation as misdemeanor. - South Dakota Statutes

51A-6A-11. Authority to transact business required--Violation as misdemeanor. No individual, firm, or corporation may advertise, publish, or otherwise promulgate that they are engaged in the trust company business, or transact trust company business, without having first obtained authority from the director. Any individual or member of any firm or officer of any corporation violating this section shall be guilty of an unclassified misdemeanor, and upon conviction shall be punished by a fine not exceeding five thousand dollars.

Source: SL 1995, ch 268, § 8.