South Dakota § 51A-13-1 Books and accounts required by director--Civil penalty.

South Dakota Statutes

§ 51A-13-1 — Books and accounts required by director--Civil penalty.

South Dakota § 51A-13-1

Title 51ABANKS AND BANKING

Ch. 51A-13BANK RECORDS, ACCOUNTS AND REPORTS

This text of South Dakota § 51A-13-1 (Books and accounts required by director--Civil penalty.) 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-13-1 (2026).

Text

Every bank shall keep such books and accounts as the director may require for the purpose of showing the true condition of the bank, and shall keep accurate, convenient, and complete records of such transactions and accounts in permanent form. Any bank which fails or refuses to open and keep such books or accounts shall be subject to a civil penalty of fifty dollars for each day it violates this section, and the director shall have authority to institute legal proceedings for the recovery of such penalty.

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Every bank shall keep such books and accounts as the director may require for the purpose of showing the true condition of the bank, and shall keep accurate, convenient, and complete records of such transactions and accounts in permanent form. Any bank which fails or refuses to open and keep such books or accounts shall be subject to a civil penalty of fifty dollars for each day it violates this section, and the director shall have authority to institute legal proceedings for the recovery of such penalty.

Legislative History

SL 1915, ch 102, art 2, § 21; RC 1919, § 8968; SDC 1939, § 6.0434; SDCL, § 51-12-1; SL 1969, ch 11, § 11.1; SL 1970, ch 265, § 56; SL 1980, ch 24, § 87; SDCL, § 51-25-1.