Trust Business Of Banks

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. Trust Business Of Banks

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Section
51A-5-1

Use of "trust" in name restricted--Exercise of trust powers restricted--Misdemeanor.

Section
51A-5-1.1

Powers of banks engaging in trust business.

Section
51A-5-1.2

"Trust business" defined.

Section
51A-5-2

Bank as trustee or custodian for retirement benefit plans.

Section
51A-5-3

Fiduciary authority of bank authorized by charter to exercise trust powers.

Section
51A-5-4

Deposit required to do trust business--Amount and form of deposit--Disposition of income.

Section
51A-5-5

Deposit available for satisfaction of claims upon liquidation, abandonment of trust powers, or resignation from fiduciary positions.

Section
51A-5-6

National banks' authority to engage in trust business--Examination of trust business--Acceptance of federal examination.

Section
51A-5-7

Foreign bank or trust company to comply with requirements to act as fiduciary in state--Violation as misdemeanor.

Section
51A-5-8

Reciprocal privileges extended to foreign bank or trust company acting as fiduciary.

Section
51A-5-9

Filing with Office of the Secretary of State by foreign bank or trust company acting as fiduciary--Designation as agent to receive process--Service of process.

Section
51A-5-10

Establishment of place of business not permitted or prohibited by filing requirements.

Section
51A-5-11

Investment powers of trust company.

Section
51A-5-12

Voting of bank shares by cotrustee.

Section
51A-5-13

Segregation of assets held by bank as fiduciary.

Section
51A-5-14

Deposit of federally guaranteed securities with federal reserve bank.

Section
51A-5-15

Records of depositor to show ownership of securities--Transfers by book entries.

Section
51A-5-16

Custodian to certify deposited securities to fiduciary--Duty of fiduciary.

Section
51A-5-17

Application of provisions to fiduciaries and custodians whenever appointed.

Section
51A-5-18

51A-5-18.Repealed by SL 2011, ch 212, §19.

Section
51A-5-19

Oath or bond not required of bank to qualify as fiduciary.

Section
51A-5-20

Nominees used by bank acting as fiduciary or cofiduciary.

Section
51A-5-21

Deposit in clearing corporation of securities held as fiduciary or custodian.

Section
51A-5-22

Ownership of stock in clearing corporation not required for deposit of securities by fiduciary or custodian.

Section
51A-5-23

Holding in bulk of securities deposited in clearing corporation--Merger of certificates.

Section
51A-5-24

Records of securities deposited in clearing corporation--Transfer by book entry--Certification to interested party of securities held.

Section
51A-5-25

Approval or ratification of acceptance or relinquishment of fiduciary accounts by board of directors or committee.

Section
51A-5-26

Supervision of investment of fiduciary funds by committee designated by board of directors.

Section
51A-5-27

Reports of committees designated to supervise fiduciary accounts.

Section
51A-5-28

Repealed

Section
51A-5-29

Repealed

Section
51A-5-30

Repealed

Section
51A-5-31

Repealed

Section
51A-5-32

Repealed