51A-4 GENERAL POWERS OF BANKS
CHAPTER 51A-4
GENERAL POWERS OF BANKS
51A-4-1
Miscellaneous banking powers.
51A-4-2
Purchase and sale of securities on order of customer--Contract with securities
brokerage services allowed.
51A-4-3
Operation of travel agency.
51A-4-4
Insurance business authorized.
51A-4-5
Certificate of authority required to engage in banking business--Misdemeanor.
51A-4-6
Order to cease and desist for violation--Right to appeal.
51A-4-7
Arrest and prosecution for violation.
51A-4-8
Deposit insurance required--Federal reserve system membership authorized.
51A-4-9
Real property authorized to be held by bank--Maximum book value of premises.
51A-4-10
Property authorized to be purchased to satisfy debts--Limitation on period of
retention.
51A-4-11
Conveyances of real property--Execution by executive officer--Validation of prior
conveyances.
51A-4-12
Checks settled at par--Payment from reserve deposits.
51A-4-13
Borrowing money by bank--Pledge of assets.
51A-4-14
"Bills payable" issued for money borrowed by bank--Record of amount borrowed.
51A-4-15
Rediscounting of negotiable paper--Limitation on pledge of assets as security.
51A-4-16
Sale, transfer, or assignment of loan participations.
51A-4-17
Sale of assets of bank.
51A-4-18
Grounds and procedure for nonobservance of banking hours--Extension of hours.
51A-4-19
Change in banking hours--Notice to division.
51A-4-20
Restriction on use of bank money to purchase other bank stock--Community
investments authorized--Limitation on investment.
51A-4-20.1
"Community development corporation" defined.
51A-4-20.2
Qualification of community development corporation as permissible investment.
51A-4-20.3
Promulgation of rules for investment in community development corporations.
51A-4-20.4
Investments to promote public welfare authorized--Limitations.
51A-4-21
Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as
asset.
51A-4-22
Purchase of retail installment contract--Terms and effect of agreement.
51A-4-23
Leasing of personal property by bank--Terms and conditions.
51A-4-24
Factoring--Applicability of lending limit provisions.
51A-4-25
Bank investments--Restrictions set by rule--Limitations.
51A-4-25.1
Annuity defined.
51A-4-26
Exceptions to investment limitation--Purchase of federal, state, and municipal
obligations and bonds or interim notes of South Dakota Building Authority.
51A-4-27
Investments in agricultural credit corporations and livestock loan companies.
51A-4-28
Restricted investment in mortgage banking companies authorized.
51A-4-29
Banks authorized to make or purchase loans secured by real estate mortgages--Sale
of loans to Federal National Mortgage Association--Capital contributions.
51A-4-30
Investment in federally sponsored housing loans.
51A-4-31 to 51A-4-40. Repealed.
51A-4-41
Deposits from Value Added Finance Authority.
51A-4-42
Restrictions on purchase of cash value life insurance contracts.
51A-4-43
Access to motor vehicle title and lien information on state's computer system.
51A-4-44
"Financial Institution" and "Services" defined.
51A-4-45
Contracts for services.
51A-4-46
Debt cancellation contracts and debt suspension contracts--Fee.
Title 51A