South Dakota Statutes
§ 47-9A-4 — Banks and trust companies exempt--Purchase of agricultural land through pooled investment fund excepted.
South Dakota § 47-9A-4
This text of South Dakota § 47-9A-4 (Banks and trust companies exempt--Purchase of agricultural land through pooled investment fund excepted.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 47-9A-4 (2026).
Text
Any national or state chartered bank, or trust company, authorized to do business in this state shall be exempt from the provisions of this chapter; provided, however, that no national or state bank or trust company shall purchase agricultural lands in South Dakota through a pooled investment fund formed from assets from retirement, pension, profit sharing, stock bonds or other trusts.
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Related
Allegheny Corp. v. Richardson, Inc.
463 N.W.2d 678 (South Dakota Supreme Court, 1990)
Legislative History
SL 1974, ch 294, § 9; SL 1977, ch 383.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-9A-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-9A-4.