General Powers Of Banks

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. General Powers Of Banks

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Section
51A-4-1

Miscellaneous banking powers.

Section
51A-4-1.1

Banking with industrial hemp or marijuana licensees and associated persons authorized.

Section
51A-4-2

Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed.

Section
51A-4-3

Operation of travel agency.

Section
51A-4-4

Insurance business authorized.

Section
51A-4-5

Certificate of authority required to engage in banking business--Misdemeanor.

Section
51A-4-6

Order to cease and desist for violation--Right to appeal.

Section
51A-4-7

Arrest and prosecution for violation.

Section
51A-4-8

Deposit insurance required--Federal reserve system membership authorized.

Section
51A-4-9

Real property authorized to be held by bank--Maximum book value of premises.

Section
51A-4-10

Property authorized to be purchased to satisfy debts--Limitation on period of retention.

Section
51A-4-11

51A-4-11.Repealed by SL 2014, ch 47, §17.

Section
51A-4-12

Checks settled at par--Payment from reserve deposits.

Section
51A-4-13

Borrowing money by bank--Pledge of assets.

Section
51A-4-14

"Bills payable" issued for money borrowed by bank--Record of amount borrowed.

Section
51A-4-15

Rediscounting of negotiable paper--Limitation on pledge of assets as security.

Section
51A-4-16

Sale, transfer, or assignment of loan participations.

Section
51A-4-17

Sale of assets of bank.

Section
51A-4-18

Grounds and procedure for nonobservance of banking hours--Extension of hours.

Section
51A-4-19

Change in banking hours--Notice to division.

Section
51A-4-20

Restriction on use of bank money to purchase other bank stock--Community investments authorized--Limitation on investment.

Section
51A-4-20.1

"Community development corporation" defined.

Section
51A-4-20.2

Qualification of community development corporation as permissible investment.

Section
51A-4-20.3

Promulgation of rules for investment in community development corporations.

Section
51A-4-20.4

Investments to promote public welfare authorized--Limitations.

Section
51A-4-21

Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as asset.

Section
51A-4-22

Purchase of retail installment contract--Terms and effect of agreement.

Section
51A-4-23

Leasing of personal property by bank--Terms and conditions.

Section
51A-4-24

Factoring--Applicability of lending limit provisions.

Section
51A-4-25

Bank investments--Restrictions set by rule--Limitations.

Section
51A-4-25.1

Annuity defined.

Section
51A-4-26

Exceptions to investment limitation--Purchase of federal, state, and municipal obligations and bonds or interim notes of South Dakota Building Authority.

Section
51A-4-27

Investments in agricultural credit corporations and livestock loan companies.

Section
51A-4-28

Restricted investment in mortgage banking companies authorized.

Section
51A-4-29

Banks authorized to make or purchase loans secured by real estate mortgages--Sale of loans to Federal National Mortgage Association--Capital contributions.

Section
51A-4-30

Investment in federally sponsored housing loans.

Section
51A-4-31

51A-4-31 to 51A-4-40.Repealed by SL 2008, ch 252, §§18 to 27.

Section
51A-4-41

Repealed.

Section
51A-4-42

Restrictions on purchase of cash value life insurance contracts.

Section
51A-4-43

Access to motor vehicle title and lien information on state's computer system.

Section
51A-4-44

Financial institution and services defined.

Section
51A-4-45

Contracts for services.

Section
51A-4-46

Debt cancellation contracts and debt suspension contracts--Fee.