51A-7-14. Interstate branches--Approval required.
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/sd/title-51/chapter-51-7/51a-7-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With prior approval of the director, any South Dakota state bank may establish and maintain a branch or acquire a branch in a state other than South Dakota. A South Dakota state bank may conduct any activities at a branch outside of South Dakota that are permissible for a bank chartered by the host state where the branch is located.