Closing branch--Approval required--Violation as misdemeanor.

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  2. South Dakota Codified Laws
  3. Banks and Banking
  4. Branch Banks And Drive-In Facilities
  5. Closing branch--Approval required--Violation as misdemeanor.

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51A-7-6. Closing branch--Approval required--Violation as misdemeanor.

No branch bank may close without the approval of the director. If a branch is closed the branch certificate shall be surrendered to the division. A violation of this section is a Class 2 misdemeanor.

Source: SL 1984, ch 316; SL 1988, ch 377, §128; SDCL §51-20-4.2; SL 2008, ch 252, §32.


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