§ 51A-2-1 Establishment of Division of Banking
§ 51A-2-2 Department and commission as division within Department of Labor and Regulation–Direction and supervision by department–Independent functions retained bydivision
§ 51A-2-3 Director of division–Vacancy–Qualifications
§ 51A-2-4 Director of division–Appointment and removal
§ 51A-2-5 Deputy director–Appointment–Powers and duties
§ 51A-2-6 Staff employees–Compensation–Dismissal–Background investigation
§ 51A-2-7 Appointment of State Banking Commission–Director as executive officer–Qualifications of members
§ 51A-2-8 Terms of commission members–Vacancies–Removal for cause
§ 51A-2-9 Chairman and secretary of commission–Per diem and expenses of members
§ 51A-2-10 Meetings of commission
§ 51A-2-11 Quorum–Replacement of nonparticipating member
§ 51A-2-12 Clerical, technical, and legal assistance for commission
§ 51A-2-13 Rules promulgated by commission
§ 51A-2-14 Rules granting additional authority to banks to promote competitive equality
§ 51A-2-14.1 State chartered banks granted powers allowed federally chartered banks
§ 51A-2-14.2 Restrictions on federally chartered banks apply to state chartered banks
§ 51A-2-15 Considerations of commission in making rules and regulations
§ 51A-2-16 Applications to organize or change control of bank, to merge, to open or close branchbanks, or to change location
§ 51A-2-17 Forms of advertising
§ 51A-2-18 Examination of banks by director–Substitution for examination requirements
§ 51A-2-19 Subpoena power–Witness fees and mileage
§ 51A-2-20 Examination by director upon application by board–Fees and expenses
§ 51A-2-21 Order to prohibit stockholders’ action pending judicial determination
§ 51A-2-22 Removal of director, officer, or employee of bank–Grounds for order by director
§ 51A-2-23 Review of removal order by commission
§ 51A-2-24 Accounting practices–Valuation of assets–Required practices to protect loans
§ 51A-2-26 Permanent order of commission against unsound practice
§ 51A-2-27 Injunctive relief
§ 51A-2-28 Seal of director
§ 51A-2-29 Record of fees–Disposition of money collected
§ 51A-2-30 Banking special revenue fund created–Disbursements
§ 51A-2-31 Copies of official records and papers in office of division–Evidentiary value–Fee forcertified copy
§ 51A-2-32 Oaths and bonds of commissioners, director, deputy director, examiners and specialexaminers, and other division personnel
§ 51A-2-33 Secrecy oath of commissioners, director and division officers and employees–Exceptions to secrecy requirements
§ 51A-2-34 Interest in bank by division officers or employees prohibited–Relinquishment ofinterest by director or deputy for term of office
§ 51A-2-35 Records of division open to public inspection–Exceptions–Court order
§ 51A-2-36 Examination and supervision fees
§ 51A-2-37 Examinations of parent corporations by director–Penalty for refusal to allowexamination
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Terms Used In South Dakota Codified Laws > Title 51A > Chapter 2 - Division of Banking

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Federal Deposit Insurance Corporation: A government corporation that insures the deposits of all national and state banks that are members of the Federal Reserve System. Source: OCC
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Oath: A promise to tell the truth.
  • Oath: includes affirmation. See South Dakota Codified Laws 2-14-2
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word "seal" written or printed on such paper. See South Dakota Codified Laws 2-14-2
  • Trustee: A person or institution holding and administering property in trust.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2