54-4-37. Entities exempt from chapter provisions.
The following entities are exempt from the provisions of this chapter:
(1)Any state bank and its subsidiary;
(2)Any national bank and its subsidiary;
(3)Any bank holding company and its subsidiary;
(4)Any other federally insured financial institution, its holding company and subsidiary; and
(5)Any South Dakota chartered trust company.
Source: SL 1998, ch 280, §2; SL 1999, ch 239, §1; SL 2004, ch 292, §1.