Section 51A-7-25 - Authority of director in case of violation by South Dakota branch of out-of-statebank. - South-dakota Statutes

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51A-7-25. Authority of director in case of violation by South Dakota branch of out-of-state bank. 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.

Source: SL 1996, ch 280, § 13.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-07 > Statute-51a-7-25

51A-7-25. Authority of director in case of violation by South Dakota branch of out-of-state bank. 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.

Source: SL 1996, ch 280, § 13.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-07 > Statute-51a-7-25

51A-7-25. Authority of director in case of violation by South Dakota branch of out-of-state bank. 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.

Source: SL 1996, ch 280, § 13.