No bank service corporation may purchase, hold or acquire the capital stock of any state or national bank or of any bank holding company.
S.D. Codified Laws § 51A-9-4
Ownership of bank or bank holding company stock prohibited
Source: SL 1970, ch 265, § 41; SL 1988, ch 377, § 133; SDCL, § 51-21-3.1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.