State Codes and Statutes

Statutes > South-dakota > Title-54 > Chapter-04 > Statute-54-4-37

54-4-37. Entities exempt from chapter provisions. The following entities are exempt from the provisions of this chapter:
(1) Any state bank and its subsidiary;
(2) Any national bank and its subsidiary;
(3) Any bank holding company and its subsidiary;
(4) Any other federally insured financial institution, its holding company and subsidiary; and
(5) Any South Dakota chartered trust company.

Source: SL 1998, ch 280, § 2; SL 1999, ch 239, § 1; SL 2004, ch 292, § 1.