51A-1-1. Applicability of provisions--Retention of capital structure by banks.
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/sd/title-51/chapter-51-1/51a-1-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any bank, branch bank, drive - in facility, bank service corporation or other entity by its term subject to this title, is subject to this title, except that the legality of their organization under prior law is not affected by this title. Banks may retain their capital structure. However the director may order any bank to comply with the capitalization requirements of this title or such additional amounts as he deems necessary upon a finding by him that the sound conduct of banking will be jeopardized by the retention of such prior capital structure.