Ownership of bank or bank holding company stock prohibited.

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. Bank Service Corporations
  5. Ownership of bank or bank holding company stock prohibited.

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51A-9-4. Ownership of bank or bank holding company stock prohibited.

No bank service corporation may purchase, hold or acquire the capital stock of any state or national bank or of any bank holding company.

Source: SL 1970, ch 265, §41; SL 1988, ch 377, §133; SDCL, §51-21-3.1.


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