§ 51A-7-1 Operation of branches
§ 51A-7-2 Examination of branches
§ 51A-7-3 Capital requirements for bank operating branch
§ 51A-7-4 Establishment of branch banks
§ 51A-7-6 Closing branch–Approval required–Violation as misdemeanor
§ 51A-7-7 National banks’ branching authority
§ 51A-7-8 Detached drive-in facility–Requirements for construction and operation
§ 51A-7-9 “Detached” defined
§ 51A-7-10 Limitation on functions of detached drive-in facility
§ 51A-7-11 Construction or operation of detached drive-in facility–Approval required
§ 51A-7-12 Indication of parent bank on branches and drive-in facilities
§ 51A-7-13 Definition of terms
§ 51A-7-14 Interstate branches–Approval required
§ 51A-7-15 Application to establish interstate branch–Fee
§ 51A-7-16 Restrictions on branches by other states
§ 51A-7-19 Examination of out-of-state bank’s South Dakota branch
§ 51A-7-20 Reports required from out-of-state bank with South Dakota branch
§ 51A-7-23 Joint examinations of joint enforcement actions by commission and bank supervisory agencies
§ 51A-7-25 Authority of director in case of violation by South Dakota branch of out-of-state bank
§ 51A-7-26 Promulgation of rules to establish fees
§ 51A-7-28 Prohibitions concerning bank names
§ 51A-7-29 Intentional misleading as to source of product, service, or communication prohibited
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In South Dakota Codified Laws > Title 51A > Chapter 7 - Branch Banks and Drive-In Facilities

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • 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
  • 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
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • 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