Title 51A - BANKS AND BANKING
- Chapter 01 - Definitions, General Provisions And Penalties
- Section 51A-1-1 - Applicability of provisions--Retention of capital structure by banks.
- Section 51A-1-10 - False entries--Obstruction of examination--Felonies.
- Section 51A-1-11 - False filing as misdemeanor.
- Section 51A-1-12 - Payment or indemnification of person for fine, penalty or judgment unlawful--Civilliability--Exceptions--Action to recover payments.
- Section 51A-1-13 - Misappropriation of funds or information by officer, director, or employee as felony.
- Section 51A-1-14 - Receipt, possession, or sale of misappropriated funds or information as felony.
- Section 51A-1-15 - Acknowledgments by officers or employees of banks validated.
- Section 51A-1-16 - Severability of provisions.
- Section 51A-1-17 - No duty to disclose information about customers--Exceptions.
- Section 51A-1-2 - Definition of terms.
- Section 51A-1-3 - Adverse claims against bank deposits, contents of safe deposit box or property insafekeeping.
- Section 51A-1-4 - Disqualification of officer, employee or director for violation--Civil liability.
- Section 51A-1-5 - Failure to obey director's orders--Civil liability.
- Section 51A-1-6 - Procedure to recover fine.
- Section 51A-1-7 - Injunction against violation.
- Section 51A-1-8 - Liability of bank as insurer or as guarantor or endorser of security instrumentprohibited.
- Section 51A-1-9 - Concealment of bank transactions as misdemeanor.
- Chapter 02 - Division Of Banking
- Section 51A-2-1 - Establishment of Division of Banking.
- Section 51A-2-10 - Meetings of commission.
- Section 51A-2-11 - Quorum--Replacement of nonparticipating member.
- Section 51A-2-12 - Clerical, technical, and legal assistance for commission.
- Section 51A-2-13 - Rules promulgated by commission.
- Section 51A-2-14 - Rules granting additional authority to banks to promote competitive equality.
- Section 51A-2-14.1 - State chartered banks granted powers allowed federally chartered banks.
- Section 51A-2-14.2 - Restrictions on federally chartered banks apply to state chartered banks.
- Section 51A-2-15 - Considerations of commission in making rules and regulations.
- Section 51A-2-16 - Applications to organize or change control of bank, to merge, to open or close branchbanks, or to change location.
- Section 51A-2-17 - Forms of advertising.
- Section 51A-2-18 - Examination of banks by director--Substitution for examination requirements.
- Section 51A-2-19 - Subpoena power--Witness fees and mileage.
- Section 51A-2-2 - Department and commission as division within Department of Revenue andRegulation--Direction and supervision by department--Independent functionsretained by division.
- Section 51A-2-20 - Examination by director upon application by board--Fees and expenses.
- Section 51A-2-21 - Order to prohibit stockholders' action pending judicial determination.
- Section 51A-2-22 - Removal of director, officer, or employee of bank--Grounds for order by director.
- Section 51A-2-23 - Review of removal order by commission.
- Section 51A-2-24 - Accounting practices--Valuation of assets--Required practices to protect loans.
- Section 51A-2-25 - Temporary order of director against unsound practice.
- Section 51A-2-26 - Permanent order of commission against unsound practice.
- Section 51A-2-27 - Injunctive relief.
- Section 51A-2-28 - Seal of director.
- Section 51A-2-29 - Record of fees--Disposition of money collected.
- Section 51A-2-3 - Director of division--Vacancy--Qualifications.
- Section 51A-2-30 - Banking special revenue fund created--Disbursements.
- Section 51A-2-31 - Copies of official records and papers in office of division--Evidentiary value--Fee forcertified copy.
- Section 51A-2-32 - Oaths and bonds of commissioners, director, deputy director, examiners and specialexaminers, and other division personnel.
- Section 51A-2-33 - Secrecy oath of commissioners, director and division officers and employees--Exceptions to secrecy requirements.
- Section 51A-2-34 - Interest in bank by division officers or employees prohibited--Relinquishment ofinterest by director or deputy for term of office.
- Section 51A-2-35 - Records of division open to public inspection--Exceptions--Court order.
- Section 51A-2-36 - Examination and supervision fees.
- Section 51A-2-37 - Examinations of parent corporations by director--Penalty for refusal to allowexamination.
- Section 51A-2-38 - Acquisition of shares of bank--Out-of-state bank holding company--Defined--Approval by banking commission--Corporation other than bank holding company.
- Section 51A-2-39 - Certain acquisitions exempted.
- Section 51A-2-4 - Director of division--Appointment and removal.
- Section 51A-2-40 - Insurance business restricted.
- Section 51A-2-41 - Approval of commission required--Factors considered--Conditions--Fee.
- Section 51A-2-42 - State court jurisdiction--Director as agent for service of process.
- Section 51A-2-5 - Deputy director--Appointment--Powers and duties.
- Section 51A-2-6 - Staff employees--Compensation--Dismissal--Background investigation.
- Section 51A-2-7 - Appointment of State Banking Commission--Director as executive officer--Qualifications of members.
- Section 51A-2-8 - Terms of appointive members of commission--Vacancies--Removal for cause.
- Section 51A-2-9 - Chairman and secretary of commission--Per diem and expenses of members.
- Chapter 03 - Organization, Applications, And Capital Structure Of Banking Corporations
- Section 51A-3-1 - Corporation laws applicable to banks.
- Section 51A-3-1.1 - Bank organized as limited liability company--Rules.
- Section 51A-3-10 - Hearing on application.
- Section 51A-3-11 - Repealed.
- Section 51A-3-12 - Endorsement and filing of approved articles--Notice of disapproval.
- Section 51A-3-13 - Subscription of shares--Minimum collection--Refund on disapproval of applicationfor charter.
- Section 51A-3-14 - Call by incorporators for full payment of subscriptions--Issuance of certificate ofauthority by director--Commencement of business within one year.
- Section 51A-3-15 - Applications for branch banks and detached drive-in facilities--Applicableprovisions.
- Section 51A-3-16 - Preferred stock, capital notes, and debentures--Director approval of issuance--Termsof issue--Director approval of retirement or payment.
- Section 51A-3-17 - Preferred stock, capital notes, and debentures outstanding--Restrictions on dividends.
- Section 51A-3-17.1 - Dividends--Definition.
- Section 51A-3-18 - Dividends--Restrictions and requirements for declaration.
- Section 51A-3-19 - Approval of director required for unusually large dividends.
- Section 51A-3-2 - Articles of incorporation or articles of organization--Content--Name of bank--Capitalstock or members' equity.
- Section 51A-3-20 - Recovery of dividends paid when capital impaired.
- Section 51A-3-21 - Net profits defined.
- Section 51A-3-22 - Amendment of articles of incorporation--Changes requiring approval of director--Filing of amendments.
- Section 51A-3-23 - Extension of charter.
- Section 51A-3-24 - Reporting transfers of stock.
- Section 51A-3-25 - Change in control of bank.
- Section 51A-3-26 - Lien on shares--Enforcement--Marking of certificates.
- Section 51A-3-27 - Purchase or purchase money loans on security of own stock prohibited--Exception.
- Section 51A-3-28 - Credit of dividends, interest, or profits on indebtedness--Foreclosure of lien.
- Section 51A-3-29 - Voting trust agreement.
- Section 51A-3-3 - Incorporators of bank.
- Section 51A-3-30 - Adoption and approval of bylaws.
- Section 51A-3-31 - Indemnification of officers, directors, or employees.
- Section 51A-3-32 - Board of directors--Number of members--Citizenship requirements--Election.
- Section 51A-3-33 - Removal of directors--Vote required.
- Section 51A-3-34 - Meetings of directors.
- Section 51A-3-35 - Election of officers--Terms--Vacancies.
- Section 51A-3-38 - Insurance protection.
- Section 51A-3-4 - Minimum capital stock.
- Section 51A-3-5 - Sale price of original stock issue or original issue of members' equity--Excesscredited to surplus.
- Section 51A-3-6 - Transfers to surplus.
- Section 51A-3-7 - Applications--Deposit for cost of processing.
- Section 51A-3-8 - Acceptance of application for charter.
- Section 51A-3-9 - Conditions to be considered in ruling on application.
- Sections 51A-3-36, 51A-3-37 - Names of officers and information forwarded to director--Vacancy on refusal to confirm. Bonds of officers and employees
- Chapter 04 - General Powers Of Banks
- Section 51A-4-1 - Miscellaneous banking powers.
- Section 51A-4-10 - Property authorized to be purchased to satisfy debts--Limitation on period ofretention.
- Section 51A-4-11 - Conveyances of real property--Execution by executive officer--Validation of priorconveyances.
- Section 51A-4-12 - Checks settled at par--Payment from reserve deposits.
- Section 51A-4-13 - Borrowing money by bank--Pledge of assets.
- Section 51A-4-14 - "Bills payable" issued for money borrowed by bank--Record of amount borrowed.
- Section 51A-4-15 - Rediscounting negotiable paper--Limitation on pledge of assets as security--Prohibition against sale of commercial paper with recourse.
- Section 51A-4-16 - Sale, transfer, or assignment of loan participations.
- Section 51A-4-17 - Sale of assets of bank.
- Section 51A-4-18 - Grounds and procedure for nonobservance of banking hours--Extension of hours.
- Section 51A-4-19 - Change in banking hours--Notice to division.
- Section 51A-4-2 - Purchase and sale of securities on order of customer--Contract with securitiesbrokerage services allowed.
- Section 51A-4-20 - Restriction on use of bank money to purchase other bank stock--Communityinvestments authorized--Limitation on investment.
- Section 51A-4-20.1 - "Community development corporation" defined.
- Section 51A-4-20.2 - Qualification of community development corporation as permissible investment.
- Section 51A-4-20.3 - Promulgation of rules for investment in community development corporations.
- Section 51A-4-20.4 - Investments to promote public welfare authorized--Limitations.
- Section 51A-4-21 - Bad debts--Maximum time allowed before charge-off--Overdraft not allowed asasset.
- Section 51A-4-22 - Purchase of retail installment contract--Terms and effect of agreement.
- Section 51A-4-23 - Leasing of personal property by bank--Terms and conditions.
- Section 51A-4-24 - Factoring--Applicability of lending limit provisions.
- Section 51A-4-25 - Bank investments--Restrictions set by rule--Limitations.
- Section 51A-4-25.1 - Annuity defined.
- Section 51A-4-26 - Exceptions to investment limitation--Purchase of federal, state, and municipalobligations and bonds or interim notes of South Dakota Building Authority.
- Section 51A-4-27 - Investments in agricultural credit corporations and livestock loan companies.
- Section 51A-4-28 - Restricted investment in mortgage banking companies authorized.
- Section 51A-4-29 - Banks authorized to make or purchase loans secured by real estate mortgages--Saleof loans to Federal National Mortgage Association--Capital contributions.
- Section 51A-4-3 - Operation of travel agency.
- Section 51A-4-30 - Investment in federally sponsored housing loans.
- Section 51A-4-4 - Insurance business authorized.
- Section 51A-4-41 - Deposits from Value Added Finance Authority.
- Section 51A-4-42 - Restrictions on purchase of cash value life insurance contracts.
- Section 51A-4-45 - Contracts for services.
- Section 51A-4-5 - Certificate of authority required to engage in banking business--Misdemeanor.
- Section 51A-4-6 - Order to cease and desist for violation--Right to appeal.
- Section 51A-4-7 - Arrest and prosecution for violation.
- Section 51A-4-8 - Deposit insurance required--Federal reserve system membership authorized.
- Section 51A-4-9 - Real property authorized to be held by bank--Maximum book value of premises.
- Sections 51A-4-31 to 51A-4-40 - Repealed
- Sections 51A-4-43, 51A-4-44 - Access to motor vehicle title and lien information on state's computer system. "Financial Institution" and "Services" defined
- Chapter 05 - Trust Business Of Banks
- Section 51A-5-1 - Use of "trust" in name restricted--Exercise of trust powers restricted--Misdemeanor.
- Section 51A-5-1.1 - Powers of banks engaging in trust business.
- Section 51A-5-1.2 - "Trust business" defined.
- Section 51A-5-10 - Establishment of place of business not permitted or prohibited by filing requirements.
- Section 51A-5-11 - Investment powers of trust company.
- Section 51A-5-12 - Voting of bank shares by cotrustee.
- Section 51A-5-13 - Segregation of assets held by bank as fiduciary.
- Section 51A-5-14 - Deposit of federally guaranteed securities with federal reserve bank.
- Section 51A-5-15 - Records of depositor to show ownership of securities--Transfers by book entries.
- Section 51A-5-16 - Duty of custodian to certify deposited securities to fiduciary--Duty of fiduciary.
- Section 51A-5-17 - Application of provisions to fiduciaries and custodians whenever appointed.
- Section 51A-5-18 - Deposits of cash held by bank as fiduciary.
- Section 51A-5-19 - Oath or bond not required of bank to qualify as fiduciary.
- Section 51A-5-2 - Bank as trustee or custodian for retirement benefit plans.
- Section 51A-5-20 - Nominees used by bank acting as fiduciary or cofiduciary.
- Section 51A-5-21 - Deposit in clearing corporation of securities held as fiduciary or custodian.
- Section 51A-5-22 - Ownership of stock in clearing corporation not required for deposit of securities byfiduciary or custodian.
- Section 51A-5-23 - Holding in bulk of securities deposited in clearing corporation--Merger ofcertificates.
- Section 51A-5-24 - Records of securities deposited in clearing corporation--Transfer by book entry--Certification to interested party of securities held.
- Section 51A-5-25 - Approval or ratification of acceptance or relinquishment of fiduciary accounts byboard of directors or committee.
- Section 51A-5-26 - Supervision of investment of fiduciary funds by committee designated by board ofdirectors.
- Section 51A-5-27 - Reports of committees designated to supervise fiduciary accounts.
- Section 51A-5-28 - Trust service office defined.
- Section 51A-5-29 - Trust service office--Approvals for establishment.
- Section 51A-5-3 - Fiduciary authority of bank authorized by charter to exercise trust powers.
- Section 51A-5-30 - Trust service office--Business allowed.
- Section 51A-5-31 - Trust service office--Agreement between institutions--Filing--Notice--Contents--Substitution as fiduciary.
- Section 51A-5-4 - Deposit required to do trust business--Amount and form of deposit--Disposition ofincome.
- Section 51A-5-5 - Deposit available for satisfaction of claims upon liquidation, abandonment of trustpowers, or resignation from fiduciary positions.
- Section 51A-5-6 - National banks' authority to engage in trust business--Examination of trust business--Acceptance of federal examination.
- Section 51A-5-7 - Foreign bank or trust company to comply with requirements to act as fiduciary instate--Violation as misdemeanor.
- Section 51A-5-8 - Reciprocal privileges extended to foreign bank or trust company acting as fiduciary.
- Section 51A-5-9 - Filing with Office of the Secretary of State by foreign bank or trust company actingas fiduciary--Designation as agent to receive process--Service of process.
- Chapter 06 - Trust Companies
- Section 51A-6-1 - Definition of terms.
- Section 51A-6-12 - Permissible business of trust company.
- Section 51A-6-13 - Repealed.
- Section 51A-6-14 - Fiduciary capacity defined.
- Section 51A-6-15 - Application for substitution for affiliated bank in fiduciary capacity--Joinder bybanks--Ex parte.
- Section 51A-6-16 - Court order substituting trust company for affiliated bank--Filing of copies.
- Section 51A-6-17 - Fiduciary designation of bank as designation of substituted trust company--Exception.
- Section 51A-6-18 - Delivery of fiduciary assets by bank to trust company.
- Section 51A-6-19 - Joint accounting for period when substitution made.
- Section 51A-6-2 - Organization of trust company by bank.
- Section 51A-6-20 - Merger or consolidation of trust company with national banking association--Noticeto director--Vote and resolution of stockholders--Filing of certificate.
- Section 51A-6-21 - Effect of merger or consolidation--Rights and obligations of resulting national bankand trust company--Termination and surrender of charter of merging or consolidatingtrust company.
- Section 51A-6-3 - Repealed.
- Section 51A-6-4 - Contents of articles.
- Section 51A-6-5 - Name of trust company.
- Section 51A-6-6 - Corporation laws applied.
- Section 51A-6-7 - Repealed.
- Sections 51A-6-8 to 51A-6-11 - Repealed
- Chapter 06A - Creation Of Trust Companies
- Section 51A-6A-1 - Definitions.
- Section 51A-6A-10 - Statement of payment of capital--Certificate of organization.
- Section 51A-6A-11 - Authority to transact business required--Violation as misdemeanor.
- Section 51A-6A-11.1 - Public trust companies to have office premises that would establish jurisdiction overtrust for which trust company is qualified person.
- Section 51A-6A-12 - List of owners--Annual submission to director--Verification of list.
- Section 51A-6A-13 - Governing board--Membership--Election--Vacancies.
- Section 51A-6A-14 - Officers of governing board--Bond required.
- Section 51A-6A-15 - Meetings of governing board--Examination and audit of books and records.
- Section 51A-6A-16 - Oath of board members.
- Section 51A-6A-17 - Persons convicted of certain crimes ineligible to serve as board member, officer, orkey employee--Civil penalty--Criminal background investigation.
- Section 51A-6A-18 - Repealed.
- Section 51A-6A-19 - Determining capital--Minimum--Purpose of capital--Fidelity bond or liabilityinsurance policy.
- Section 51A-6A-19.1 - Additional capital requirements--Safety and soundness factors to be considered--Effective date of order--Hearing.
- Section 51A-6A-19.2 - Investments pledged to the division for the security of trust creditors of trustcompany--Income from investments--Effective date of order requiring pledgeincrease--Hearing.
- Section 51A-6A-2 - Confidential information.
- Section 51A-6A-20 - Stock or ownership units--Payment of subscriptions--Reduction of common stock.
- Section 51A-6A-21 - Transferring stock and ownership units.
- Section 51A-6A-22 - Increasing capital stock or ownership units.
- Section 51A-6A-23 - Registration of capital stock or ownership units.
- Section 51A-6A-24 - Issuance of preferred stock.
- Section 51A-6A-25 - Rights and liability of preferred stockholders--Dividends.
- Section 51A-6A-26 - Issuance of convertible or nonconvertible capital notes or debentures.
- Section 51A-6A-27 - Source of dividends.
- Section 51A-6A-28 - Dividends from undivided profits.
- Section 51A-6A-29 - Powers of trust company.
- Section 51A-6A-3 - "Community" defined.
- Section 51A-6A-30 - Retention of records--Promulgation of rules--Reproduction of records--Duty ofconfidentiality.
- Section 51A-6A-31 - Periodic examination of trust company--Report of examination--Cooperative,coordinating and information-sharing agreements among agencies.
- Section 51A-6A-32 - Examination of fiduciary affairs of officers or employees--Examination of affiliatedcompanies or corporations.
- Section 51A-6A-35 - Authority of trust company revoked upon obstruction or interference with, or refusalto submit to, examination of director.
- Section 51A-6A-36 - Service of notice of charges--Contents of notice--Temporary cease and desist order.
- Section 51A-6A-37 - Revocation of franchise for failure to comply with lawful requirements.
- Section 51A-6A-38 - Hearing on revocation of trust authority.
- Section 51A-6A-39 - Confidentiality of information generated by examination--Notice of intent todisclose--Hearing.
- Section 51A-6A-4 - Application for incorporation--Approval procedure--Emergency procedure.
- Section 51A-6A-40 - Correction of unsafe or unsound condition or operation--Appointment of specialassistant--Appeal of appointment.
- Section 51A-6A-41 - Insolvency defined.
- Section 51A-6A-42 - Director to take charge of insolvent trust company--Appointment of special assistant.
- Section 51A-6A-43 - Plan for reorganization of insolvent trust company.
- Section 51A-6A-44 - Appointment of receiver--Bond--Qualifications--Report--Removal.
- Section 51A-6A-45 - Powers and duties of receiver--Order of payment of liabilities.
- Section 51A-6A-45.1 - Liability of receiver.
- Section 51A-6A-46 - Periodic examination of trust company in the hands of a receiver.
- Section 51A-6A-46.1 - Suspension, liquidation, order against unsound practice, removal of director orofficer, or injunction.
- Section 51A-6A-46.2 - Confidentiality of information--Inapplicability to certain actions.
- Section 51A-6A-47 - Acquisition of trust company--Notice to director--Approval--Order of disapproval--Hearing.
- Section 51A-6A-48 - Contents of notice of proposed acquisition.
- Section 51A-6A-49 - Reason for disapproval of acquisition.
- Section 51A-6A-5 - Considerations in ruling on application-Proceedings on application.
- Section 51A-6A-50 - Procedure for merging, consolidating with, or transferring assets and liabilities to,another bank or trust company.
- Section 51A-6A-51 - Necessity of execution or delivery of deed for merger or consolidation.
- Section 51A-6A-52 - Fiduciary capacity of successor trust company.
- Section 51A-6A-53 - Name of trust company--Name change.
- Section 51A-6A-54 - Approval required for changing place of business--Examination and investigation bydirector.
- Section 51A-6A-55 - Agreements between contracting trustee and original trustee as to authority ofcontracting trustee.
- Section 51A-6A-56 - Notice to director of agreement with contracting trustee.
- Section 51A-6A-57 - Notice of disapproval of agreement with contracting trustee--Petition to removecontracting trustee.
- Section 51A-6A-58 - Establishment of trust service offices--Application.
- Section 51A-6A-6 - Application fee.
- Section 51A-6A-6.1 - Repealed.
- Section 51A-6A-61 - Membership in federal reserve bank.
- Section 51A-6A-62 - Depositing securities into federal reserve bank.
- Section 51A-6A-63 - Registering investments in name of nominee--Liability of trust company.
- Section 51A-6A-64 - Establishment of common trust fund--Investment of funds in common trust fund.
- Section 51A-6A-7 - Articles of organization or incorporation--Submission and approval--Requiredinformation.
- Section 51A-6A-8 - Amendment of articles--Extension of existence.
- Section 51A-6A-9 - Starting date of trust company existence--Commencement of business.
- Sections 51A-6A-33, 51A-6A-34 - Examination expenses paid by trust companies--Fees. Annual report of trust company to director--Form of report--Request for additional reports
- Sections 51A-6A-59, 51A-6A-60 - Repealed
- Chapter 07 - Branch Banks And Drive-In Facilities
- Section 51A-7-1 - Operation of branches.
- Section 51A-7-10 - Limitation on functions of detached drive-in facility.
- Section 51A-7-11 - Construction or operation of detached drive-in facility--Approval required.
- Section 51A-7-12 - Indication of parent bank on branches and drive-in facilities.
- Section 51A-7-13 - Definition of terms.
- Section 51A-7-14 - Interstate branches--Approval required.
- Section 51A-7-15 - Application to establish interstate branch--Fee.
- Section 51A-7-16 - Restrictions on branches by other states.
- Section 51A-7-19 - Examination of out-of-state bank's South Dakota branch.
- Section 51A-7-2 - Examination of branches.
- Section 51A-7-20 - Reports required from out-of-state bank with South Dakota branch.
- Section 51A-7-23 - Joint examinations of joint enforcement actions by commission and bank supervisoryagencies.
- Section 51A-7-24 - Repealed.
- Section 51A-7-25 - Authority of director in case of violation by South Dakota branch of out-of-statebank.
- Section 51A-7-26 - Promulgation of rules to establish fees.
- Section 51A-7-27 - Repealed.
- Section 51A-7-28 - Prohibitions concerning bank names.
- Section 51A-7-3 - Capital requirements for bank operating branch.
- Section 51A-7-4 - Establishment of branch banks.
- Section 51A-7-5 - Repealed.
- Section 51A-7-6 - Closing branch--Approval required--Violation as misdemeanor.
- Section 51A-7-7 - National banks' branching authority.
- Section 51A-7-8 - Detached drive-in facility--Requirements for construction and operation.
- Section 51A-7-9 - "Detached" defined.
- Sections 51A-7-17, 51A-7-18 - Repealed
- Sections 51A-7-21, 51A-7-22 - Repealed
- Chapter 08 - Remote Service Units
- Chapter 09 - Bank Service Corporations
- Chapter 10 - Bank Deposits
- Section 51A-10-1 - "Deposit" or "deposits" defined.
- Section 51A-10-10 - Substitution or exchange of securities deposited to qualify as depository for funds ofgovernmental subdivisions.
- Section 51A-10-2 - Minors' accounts.
- Section 51A-10-3 - Deposits in name of two or more persons.
- Section 51A-10-4 - Deposits in trust for another.
- Section 51A-10-5 - Tax liability on payments to survivors of deposits in name of two or more personsor in trust for another.
- Section 51A-10-6 - Statement of account between bank and depositor--Limitation on depositor's recourseafter statement rendered.
- Section 51A-10-7 - Duty of depositor to examine statement of account and vouchers.
- Section 51A-10-8 - Misdemeanor to certify check where drawer's funds insufficient.
- Section 51A-10-9 - Preferential deposits.
- Chapter 11 - Safe Deposit And Safekeeping
- Section 51A-11-1 - Definition of terms.
- Section 51A-11-2 - Regulation of safe deposit by commission.
- Section 51A-11-3 - Fiduciary's access to safe deposit.
- Section 51A-11-4 - Power of attorney.
- Section 51A-11-5 - Minor's lease of safe deposit.
- Section 51A-11-6 - Joint leaseholds in safe deposit.
- Section 51A-11-7 - Death of lessee--Procedures for opening and delivery of contents of safe deposit.
- Section 51A-11-7.1 - Death of joint lessee or other having right of access--Notification of lessor.
- Section 51A-11-8 - Corporate lessee.
- Section 51A-11-9 - Adverse claims to safe deposit.
- Chapter 12 - Bank Loans
- Section 51A-12-1 - Laws applicable to bank loans.
- Section 51A-12-10 - Sale of surplus federal reserve funds and excess bank funds not loan.
- Section 51A-12-11 - Mortgage on real estate.
- Section 51A-12-12 - Revolving credit authorized.
- Section 51A-12-13 - Collection of certain credit service charges by bank.
- Section 51A-12-14 - Right of offset on loans.
- Section 51A-12-15 - Compounding interest and service fees.
- Section 51A-12-16 - Security interests authorized.
- Section 51A-12-2 - Loan or credit limitation.
- Section 51A-12-3 - Repealed.
- Section 51A-12-4 - Loan to customer used for partnership or corporation.
- Section 51A-12-5 - Discounting not considered as money borrowed for purposes of loan limitation.
- Section 51A-12-6 - Maximum amount of loans by bank to its executive officers, directors, and certainshareholders.
- Section 51A-12-7 - Repealed.
- Section 51A-12-8 - Liability of officers and directors for excessive loans.
- Section 51A-12-9 - Nonrisk and government guaranteed loans not included in loan limits.
- Chapter 13 - Bank Records, Accounts And Reports
- Chapter 14 - Reorganization Of Banks
- Section 51A-14-1 - Merger or consolidation of state banks.
- Section 51A-14-2 - Purchase of assets and assumption of liabilities.
- Section 51A-14-3 - Conversion from state bank to national bank.
- Section 51A-14-4 - Conversion from national bank, federal savings association, federal savings bank, orstate savings and loan association to state bank.
- Section 51A-14-5 - Liquidation procedures in the event of reorganization.
- Section 51A-14-6 - Emergency takeover provisions.
- Chapter 15 - Suspension And Liquidation Of Banks
- Section 51A-15-1 - Voluntary liquidation--Requirements for approval.
- Section 51A-15-10 - Cancellation of voluntary liquidation.
- Section 51A-15-11 - Director's authority to suspend activities and take possession of bank--Grounds.
- Section 51A-15-12 - "Insolvent" defined.
- Section 51A-15-13 - Receipt of deposits by insolvent bank unlawful--Felony.
- Section 51A-15-14 - Notice of suspension and possession.
- Section 51A-15-15 - Management and control powers of director in possession.
- Section 51A-15-16 - Circuit court jurisdiction of proceedings--Venue.
- Section 51A-15-17 - Change of venue.
- Section 51A-15-18 - Director's appointment of Federal Deposit Insurance Corporation as receiver inliquidation proceedings.
- Section 51A-15-19 - Powers of Federal Deposit Insurance Corporation as receiver in liquidationproceedings--Actions to recover money damages.
- Section 51A-15-2 - Ceasing to do business and winding up affairs on voluntary liquidation.
- Section 51A-15-20 - Postponement of limitation periods on director's taking actions.
- Section 51A-15-21 - Director's authority to take action in emergency without majority consent ofcommission.
- Section 51A-15-22 - Applications to enjoin director from suspending activities and taking possession ofbank.
- Section 51A-15-23 - Proceedings exempt from open meetings and administrative procedure laws.
- Section 51A-15-24 - Reorganization of bank by director--Distribution and effect of reorganization plan.
- Section 51A-15-25 - Execution of lien on assets of bank in director's or receiver's possession prohibited--Powers of director.
- Section 51A-15-26 - Borrowing money by director in possession.
- Section 51A-15-27 - Expenses of director paid from assets.
- Section 51A-15-28 - Requirements for adoption of reorganization plan.
- Section 51A-15-29 - Modification of reorganization plan or liquidation of bank--Grounds and noticerequirements.
- Section 51A-15-3 - Notice of voluntary liquidation--Manner of publication--Contents.
- Section 51A-15-30 - Limitations on powers of director or receiver in liquidating bank.
- Section 51A-15-31 - Executory contracts of bank terminated after commencement of liquidation.
- Section 51A-15-32 - Fiduciary positions of bank terminated after commencement of liquidation.
- Section 51A-15-33 - Subrogation rights of Federal Deposit Insurance Corporation in liquidation of bank.
- Section 51A-15-34 - Notice of liquidation by director or receiver.
- Section 51A-15-35 - Disposition of safe deposit boxes in liquidation by director or receiver.
- Section 51A-15-36 - Settlement of claims by director or receiver in liquidation proceedings.
- Section 51A-15-37 - Objections to schedule of determinations in settlement of claims.
- Section 51A-15-4 - Resignation of fiduciary positions and settlement of accounts on voluntaryliquidation.
- Section 51A-15-40 - Payment of claims not filed within time prescribed.
- Section 51A-15-41 - Prorata payment of claims authorized.
- Section 51A-15-42 - Distribution of assets remaining after liquidation.
- Section 51A-15-43 - Disposition of unclaimed funds after liquidation.
- Section 51A-15-44 - Accounting by director or receivers after liquidation--Cancellation of charter--Orderand certificate of dissolution.
- Section 51A-15-5 - Disposition of safe deposit on voluntary liquidation.
- Section 51A-15-6 - Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safedeposit rental.
- Section 51A-15-7 - Distribution of assets after discharge of obligations on voluntary liquidation--Disposition of unclaimed distributions.
- Section 51A-15-8 - Authority of director to take possession of bank in voluntary liquidation.
- Section 51A-15-9 - Reports of progress in voluntary liquidation--Order and certificate of dissolution.
- Sections 51A-15-38, 51A-15-39 - Partial distributions to claim holders authorized--Final distribution. Priority of claims in liquidation proceedings
- Chapter 16 - Money Order Business Licenses [Repealed]