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Code · South Dakota · Title 51 · Chapter 51-13

51A-13-1. Books and accounts required by director--Civil penalty.

87 words·~1 min read·/sd/title-51/chapter-51-13/51a-13-1

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Every bank shall keep such books and accounts as the director may require for the purpose of showing the true condition of the bank, and shall keep accurate, convenient, and complete records of such transactions and accounts in permanent form. Any bank which fails or refuses to open and keep such books or accounts shall be subject to a civil penalty of fifty dollars for each day it violates this section, and the director shall have authority to institute legal proceedings for the recovery of such penalty.
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