South Dakota Statutes

§ 51A-1-8 — Liability of bank as insurer or as guarantor or endorser of security instrument prohibited.

South Dakota § 51A-1-8

JurisdictionSouth Dakota

Title 51ABANKS AND BANKING

Ch. 51A-1DEFINITIONS, GENERAL PROVISIONS AND PENALTIES

This text of South Dakota § 51A-1-8 (Liability of bank as insurer or as guarantor or endorser of security instrument prohibited.) 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 § 51A-1-8 (2026).

Text

Except as expressly permitted in this title, a bank shall not assume liability as an insurer or as a guarantor or endorser of any security instrument or obligation in which or with respect to which it has no property interest.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

SL 1969, ch 11, § 1.6; SDCL, § 51-15-6.

Nearby Sections

15

§ 51A-1-1

Applicability of provisions--Retention of capital structure by banks.

§ 51A-1-10

False entries--Obstruction of examination--Felonies.

§ 51A-1-11

False filing as misdemeanor.

§ 51A-1-12

Payment or indemnification of person for fine, penalty or judgment unlawful--Civil liability--Exceptions--Action to recover payments.

§ 51A-1-13

Misappropriation of funds or information by officer, director, or employee as felony.

§ 51A-1-14

Receipt, possession, or sale of misappropriated funds or information as felony.

§ 51A-1-15

Acknowledgments by officers or employees of banks validated.

§ 51A-1-16

Severability of provisions.

§ 51A-1-17

No duty to disclose information about customers--Exceptions.

§ 51A-1-18

Agreements or compacts with other jurisdictions--Administration--Filing--Availability.

§ 51A-1-19

Central bank digital currency--Public transaction prohibited.

§ 51A-1-2

Definition of terms.

§ 51A-1-20

Central bank digital currency--Private transaction--Alternative required.

§ 51A-1-3

Adverse claims against bank deposits, contents of safe deposit box or property in safekeeping.

§ 51A-1-4

Disqualification of officer, employee or director for violation--Civil liability.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

South Dakota § 51A-1-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-1-8.