51A-7-25. Authority of director in case of violation by South Dakota branch of out-of-state bank.
78 words·~1 min read·
/sd/title-51/chapter-51-7/51a-7-25·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If it is determined that a branch maintained by an out - of - state state bank in South Dakota is being operated in violation of any provision of the laws of South Dakota or is being operated in an unsafe and unsound manner, the director has the authority to take any enforcement action as though the branch were a South Dakota state bank if the director gives notice to the home state regulator of the enforcement action.