South Dakota Codified Laws 54-4-37. Entities exempt from chapter provisions
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The following entities are exempt from the provisions of this chapter:
(1) Any state bank and its subsidiary;
Terms Used In South Dakota Codified Laws 54-4-37
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
(2) Any national bank and its subsidiary;
(3) Any bank holding company and its subsidiary;
(4) Any other federally insured financial institution, its holding company and subsidiary; and
(5) Any South Dakota chartered trust company.
Source: SL 1998, ch 280, § 2; SL 1999, ch 239, § 1; SL 2004, ch 292, § 1.