Chapter
CREATION OF TRUST COMPANIES
- S.D. Codified Laws § 51A-6A-1— Definitions
- S.D. Codified Laws § 51A-6A-2— Confidential information
- S.D. Codified Laws § 51A-6A-3— "Community" defined
- S.D. Codified Laws § 51A-6A-4— Application for incorporation--Approval procedure--Emergency procedure
- S.D. Codified Laws § 51A-6A-5— Considerations in ruling on application-Proceedings on application
- S.D. Codified Laws § 51A-6A-5.1— Notice to division of material omission in application or change in facts reported in application
- S.D. Codified Laws § 51A-6A-6— Application fee
- S.D. Codified Laws § 51A-6A-6.1— 51A-6A-6.1. Repealed by SL 1998, ch 282, § 34
- S.D. Codified Laws § 51A-6A-7— Organization of public and private trust companies--Submission and approval of articles--Required information
- S.D. Codified Laws § 51A-6A-7.1— Corporation laws applied
- S.D. Codified Laws § 51A-6A-8— Amendment of articles--Extension of existence
- S.D. Codified Laws § 51A-6A-9— Starting date of trust company existence--Commencement of business
- S.D. Codified Laws § 51A-6A-10— Statement of payment of capital--Certificate of organization
- S.D. Codified Laws § 51A-6A-11— Authority to transact business required--Violation as misdemeanor
- S.D. Codified Laws § 51A-6A-11.1— Public trust companies to maintain office and perform trust administration in South Dakota
- S.D. Codified Laws § 51A-6A-11.2— Office space requirements
- S.D. Codified Laws § 51A-6A-11.3— Approval of other office space requirements
- S.D. Codified Laws § 51A-6A-12— List of owners--Annual submission to director--Verification of list
- S.D. Codified Laws § 51A-6A-13— Governing board--Membership--Election--Vacancies
- S.D. Codified Laws § 51A-6A-14— Officers of governing board--Bond required
- S.D. Codified Laws § 51A-6A-15— Meetings of governing board--Examination and audit of books and records
- S.D. Codified Laws § 51A-6A-16— Oath of board members
- S.D. Codified Laws § 51A-6A-17— Persons convicted of certain crimes ineligible to serve as board member, officer, or key employee--Civil penalty--Criminal background investigation
- S.D. Codified Laws § 51A-6A-18— 51A-6A-18. Repealed by SL 2002, ch 220, § 1
- S.D. Codified Laws § 51A-6A-19— Determining capital--Minimum--Purpose of capital--Fidelity bond and liability insurance policy
- S.D. Codified Laws § 51A-6A-19.1— Additional capital requirements--Safety and soundness factors to be considered--Effective date of order--Hearing
- S.D. Codified Laws § 51A-6A-19.2— Investments pledged to division for security of trust creditors of trust company--Amount--Income from investments--Pledge increase--Hearing
- S.D. Codified Laws § 51A-6A-19.3— Pledge available to satisfy claims upon liquidation, abandonment of trust powers, or resignation
- S.D. Codified Laws § 51A-6A-20— Payment of subscriptions--Reduction of common stock
- S.D. Codified Laws § 51A-6A-21— Transferring stock and ownership units
- S.D. Codified Laws § 51A-6A-22— Increasing capital stock or ownership units
- S.D. Codified Laws § 51A-6A-23— Registration of capital stock or ownership units
- S.D. Codified Laws § 51A-6A-24— Issuance and retirement of preferred stock
- S.D. Codified Laws § 51A-6A-25— Rights and liability of preferred stockholders--Dividends
- S.D. Codified Laws § 51A-6A-26— Issuance of convertible or nonconvertible capital notes or debentures
- S.D. Codified Laws § 51A-6A-27— Dividends not permitted from required capital
- S.D. Codified Laws § 51A-6A-28— Dividends from undivided profits or surplus
- S.D. Codified Laws § 51A-6A-29— Powers of trust company
- S.D. Codified Laws § 51A-6A-29.1— Permissible business of trust companies
- S.D. Codified Laws § 51A-6A-30— Retention of records--Promulgation of rules--Reproduction of records--Duty of confidentiality
- S.D. Codified Laws § 51A-6A-31— Periodic examination of trust company--Report of examination--Cooperative, coordinating and information-sharing agreements among agencies
- S.D. Codified Laws § 51A-6A-32— Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations
- S.D. Codified Laws § 51A-6A-33— Examination expenses paid by trust companies--Fees
- S.D. Codified Laws § 51A-6A-34— Annual report of trust company to director--Form of report--Request for additional reports
- S.D. Codified Laws § 51A-6A-35— Authority of trust company revoked upon obstruction or interference with, or refusal to submit to, examination of director
- S.D. Codified Laws § 51A-6A-36— Service of notice of charges--Contents of notice--Temporary cease and desist order
- S.D. Codified Laws § 51A-6A-37— Revocation of franchise for failure to comply with lawful requirements
- S.D. Codified Laws § 51A-6A-38— Hearing on revocation of trust authority
- S.D. Codified Laws § 51A-6A-39— Confidentiality of information generated by examination--Disclosure--Hearing
- S.D. Codified Laws § 51A-6A-40— Correction of unsafe or unsound condition or operation--Appointment of special assistant--Appeal of appointment
- S.D. Codified Laws § 51A-6A-41— Insolvency defined
- S.D. Codified Laws § 51A-6A-42— Director to take charge of insolvent trust company--Appointment of special assistant
- S.D. Codified Laws § 51A-6A-43— Plan for reorganization of insolvent trust company
- S.D. Codified Laws § 51A-6A-44— Appointment of receiver--Bond--Qualifications--Report--Removal
- S.D. Codified Laws § 51A-6A-45— Powers and duties of receiver--Order of payment of liabilities
- S.D. Codified Laws § 51A-6A-45.1— Liability of receiver
- S.D. Codified Laws § 51A-6A-46— Periodic examination of trust company in the hands of a receiver
- S.D. Codified Laws § 51A-6A-46.1— Suspension, liquidation, order against unsound practice, removal of director or officer, or injunction
- S.D. Codified Laws § 51A-6A-46.2— Disclosure of confidential information in certain actions
- S.D. Codified Laws § 51A-6A-47— Acquisition of trust company--Notice to director--Approval--Order of disapproval--Hearing
- S.D. Codified Laws § 51A-6A-48— Contents of notice of proposed acquisition
- S.D. Codified Laws § 51A-6A-49— Reason for disapproval of acquisition
- S.D. Codified Laws § 51A-6A-50— Procedure for merger, consolidation, conversion, or transfer of assets and liabilities to another bank or trust company
- S.D. Codified Laws § 51A-6A-50.1— Proceedings to legally dissolve charter of acquired, merged, or consolidated trust company
- S.D. Codified Laws § 51A-6A-51— Necessity of execution or delivery of deed for merger or consolidation
- S.D. Codified Laws § 51A-6A-52— Fiduciary capacity of successor trust company
- S.D. Codified Laws § 51A-6A-53— Name of trust company--Name change
- S.D. Codified Laws § 51A-6A-54— Approval required for changing place of business--Examination and investigation by director
- S.D. Codified Laws § 51A-6A-55— 51A-6A-55 to 51A-6A-57. Repealed by SL 2013, ch 239, §§ 8 to 10
- S.D. Codified Laws § 51A-6A-58— Establishment of trust service offices--Application
- S.D. Codified Laws § 51A-6A-59— 51A-6A-59, 51A-6A-60. Repealed by SL 2008, ch 258, §§ 12, 13
- S.D. Codified Laws § 51A-6A-61— Membership in federal reserve bank
- S.D. Codified Laws § 51A-6A-62— Depositing securities into federal reserve bank
- S.D. Codified Laws § 51A-6A-63— Registering investments in name of nominee--Liability of trust company
- S.D. Codified Laws § 51A-6A-64— Common trust funds and collective investment funds
- S.D. Codified Laws § 51A-6A-65— Repealed
- S.D. Codified Laws § 51A-6A-66— Exclusion of entity from chapters 51A-5 and 51A-6A--Governing documents--Notice to director
- S.D. Codified Laws § 51A-6A-67— Trust company receivership and liquidation captive insurance company fund