South Dakota

51A-6-1. Repealed

51A-6-2. Repealed

51A-6-3. 51A-6-3. Repealed by SL 1994, ch 364, § 4.

51A-6-4. Repealed

51A-6-5. Repealed

51A-6-6. Repealed

51A-6-7. 51A-6-7. Repealed by SL 1994, ch 364, § 7.

51A-6-8. 51A-6-8 to 51A-6-11. Repealed by SL 1995, ch 268, §§ 80 to 83.

51A-6-12. Repealed

51A-6-13. 51A-6-13. Repealed by SL 1995, ch 268, § 84.

51A-6-14. Repealed

51A-6-15. Repealed

51A-6-16. Repealed

51A-6-17. Repealed

51A-6-18. Repealed

51A-6-19. Repealed

51A-6-20. Repealed

51A-6-21. Repealed

51A-6-22. Repealed

51A-6-23. Transferred to § 51A-6A-67.

51A-6A-1. Definitions.

51A-6A-2. Confidential information.

51A-6A-3. "Community" defined.

51A-6A-4. Application for incorporation--Approval procedure--Emergency procedure.

51A-6A-5. Considerations in ruling on application-Proceedings on application.

51A-6A-5.1. Notice to division of material omission in application or change in facts reported in application.

51A-6A-6. Application fee.

51A-6A-6.1. 51A-6A-6.1. Repealed by SL 1998, ch 282, § 34.

51A-6A-7. Organization of public and private trust companies--Submission and approval of articles--Required information.

51A-6A-7.1. Corporation laws applied.

51A-6A-8. Amendment of articles--Extension of existence.

51A-6A-9. Starting date of trust company existence--Commencement of business.

51A-6A-10. Statement of payment of capital--Certificate of organization.

51A-6A-11. Authority to transact business required--Violation as misdemeanor.

51A-6A-11.1. Public trust companies to maintain office and perform trust administration in South Dakota.

51A-6A-11.2. Office space requirements.

51A-6A-11.3. Approval of other office space requirements.

51A-6A-12. List of owners--Annual submission to director--Verification of list.

51A-6A-13. Governing board--Membership--Election--Vacancies.

51A-6A-14. Officers of governing board--Bond required.

51A-6A-15. Meetings of governing board--Examination and audit of books and records.

51A-6A-16. Oath of board members.

51A-6A-17. Persons convicted of certain crimes ineligible to serve as board member, officer, or key employee--Civil penalty--Criminal background investigation.

51A-6A-18. 51A-6A-18. Repealed by SL 2002, ch 220, § 1.

51A-6A-19. Determining capital--Minimum--Purpose of capital--Fidelity bond and liability insurance policy.

51A-6A-19.1. Additional capital requirements--Safety and soundness factors to be considered--Effective date of order--Hearing.

51A-6A-19.2. Investments pledged to division for security of trust creditors of trust company--Amount--Income from investments--Pledge increase--Hearing.

51A-6A-19.3. Pledge available to satisfy claims upon liquidation, abandonment of trust powers, or resignation.

51A-6A-20. Payment of subscriptions--Reduction of common stock.

51A-6A-21. Transferring stock and ownership units.

51A-6A-22. Increasing capital stock or ownership units.

51A-6A-23. Registration of capital stock or ownership units.

51A-6A-24. Issuance and retirement of preferred stock.

51A-6A-25. Rights and liability of preferred stockholders--Dividends.

51A-6A-26. Issuance of convertible or nonconvertible capital notes or debentures.

51A-6A-27. Dividends not permitted from required capital.

51A-6A-28. Dividends from undivided profits or surplus.

51A-6A-29. Powers of trust company.

51A-6A-29.1. Permissible business of trust companies.

51A-6A-30. Retention of records--Promulgation of rules--Reproduction of records--Duty of confidentiality.

51A-6A-31. Periodic examination of trust company--Report of examination--Cooperative, coordinating and information-sharing agreements among agencies.

51A-6A-32. Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations.

51A-6A-33. Examination expenses paid by trust companies--Fees.

51A-6A-34. Annual report of trust company to director--Form of report--Request for additional reports.

51A-6A-35. Authority of trust company revoked upon obstruction or interference with, or refusal to submit to, examination of director.

51A-6A-36. Service of notice of charges--Contents of notice--Temporary cease and desist order.

51A-6A-37. Revocation of franchise for failure to comply with lawful requirements.

51A-6A-38. Hearing on revocation of trust authority.

51A-6A-39. Confidentiality of information generated by examination--Disclosure--Hearing.

51A-6A-40. Correction of unsafe or unsound condition or operation--Appointment of special assistant--Appeal of appointment.

51A-6A-41. Insolvency defined.

51A-6A-42. Director to take charge of insolvent trust company--Appointment of special assistant.

51A-6A-43. Plan for reorganization of insolvent trust company.

51A-6A-44. Appointment of receiver--Bond--Qualifications--Report--Removal.

51A-6A-45. Powers and duties of receiver--Order of payment of liabilities.

51A-6A-45.1. Liability of receiver.

51A-6A-46. Periodic examination of trust company in the hands of a receiver.

51A-6A-46.1. Suspension, liquidation, order against unsound practice, removal of director or officer, or injunction.

51A-6A-46.2. Disclosure of confidential information in certain actions.

51A-6A-47. Acquisition of trust company--Notice to director--Approval--Order of disapproval--Hearing.

51A-6A-48. Contents of notice of proposed acquisition.

51A-6A-49. Reason for disapproval of acquisition.

51A-6A-50. Procedure for merger, consolidation, conversion, or transfer of assets and liabilities to another bank or trust company.

51A-6A-50.1. Proceedings to legally dissolve charter of acquired, merged, or consolidated trust company.

51A-6A-51. Necessity of execution or delivery of deed for merger or consolidation.

51A-6A-52. Fiduciary capacity of successor trust company.

51A-6A-53. Name of trust company--Name change.

51A-6A-54. Approval required for changing place of business--Examination and investigation by director.

51A-6A-55. 51A-6A-55 to 51A-6A-57. Repealed by SL 2013, ch 239, §§ 8 to 10.

51A-6A-58. Establishment of trust service offices--Application.

51A-6A-59. 51A-6A-59, 51A-6A-60. Repealed by SL 2008, ch 258, §§ 12, 13.

51A-6A-61. Membership in federal reserve bank.

51A-6A-62. Depositing securities into federal reserve bank.

51A-6A-63. Registering investments in name of nominee--Liability of trust company.

51A-6A-64. Common trust funds and collective investment funds.

51A-6A-65. Repealed

51A-6A-66. Exclusion of entity from chapters 51A-5 and 51A-6A--Governing documents--Notice to director.

51A-6A-67. Trust company receivership and liquidation captive insurance company fund.