Section 51A-6A-46.1 - Suspension, liquidation, order against unsound practice, removal of director orofficer, or injunction. - South Dakota Statutes

51A-6A-46.1. Suspension, liquidation, order against unsound practice, removal of director or officer, or injunction. In addition to the powers granted to the director and the commission in §§ 51A-6A-35 to 51A-6A-46, inclusive, the powers granted to the director and commission pursuant to §§ 51A-15-11 to 51A-15-44, inclusive, 51A-2-22, and 51A-2-25 to 51A-2-27, inclusive, may be utilized by the director and the commission with regard to trust companies. The powers granted by §§ 51A-15-11 to 51A-15-44, inclusive, 51A-2-22, and 51A-2-25 to 51A-2-27, inclusive, may be used by the director and the commission in connection with a trust company as a supplement to or as an independent alternative to the powers granted in §§ 51A-6A-35 to 51A-6A-46, inclusive.

Source: SL 2004, ch 312, § 4; SL 2010, ch 232, § 22.