South Dakota Codified Laws 51A-9-2. Investment in bank service corporation
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Any bank shall have power to purchase capital stock, bonds, debentures, or other such obligations of a bank service corporation.
Terms Used In South Dakota Codified Laws 51A-9-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 1963, ch 29, § 2; SDCL, § 51-9-3; SL 1969, ch 11, § 7.2; SDCL, § 51-21-2.