§ 51A-1-4 — Disqualification of officer, employee or director for violation--Civil liability.

South Dakota § 51A-1-4

• Jurisdiction: South Dakota
• Title 51A: BANKS AND BANKING
• Ch. 51A-1: DEFINITIONS, GENERAL PROVISIONS AND PENALTIES

Text

Any officer, employee or director of a bank who is convicted of violating any of the provisions of this title is disqualified from thereafter acting as an officer, employee or director of any bank and is liable in a civil action to such bank or any of its stockholders for all losses sustained by reason of such violations.

Legislative History

SL 1925, ch 92; SL 1927, ch 53; SL 1933, ch 50; SDC 1939, § 6.0441; SDCL, § 51-1-6; SL 1969, ch 11, § 1.3; SL 1988, ch 377, § 2; SDCL, § 51-15-3.