South Dakota § 51A-17-54 Director's authority.

South Dakota Statutes

§ 51A-17-54 — Director's authority.

South Dakota § 51A-17-54

Title 51ABANKS AND BANKING

Ch. 51A-16MONEY TRANSMISSION

This text of South Dakota § 51A-17-54 (Director's authority.) 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-17-54 (2026).

Text

(1)In order to carry out the purposes of this chapter, the director may, subject to the provisions of subdivisions 51A-17-55 (1) and (4):

(a)Enter into agreements or relationships with other government officials or federal and state regulatory agencies and regulatory associations in order to improve efficiencies and reduce regulatory burden by standardizing methods or procedures, and sharing resources, records, or related information obtained under this chapter;

(b)Use, hire, contract, or employ analytical systems, methods, or software to examine or investigate any person subject to this chapter;

(c)Accept, from other state or federal government agencies or officials, licensing, examination, or investigation reports made by the other state or federal government agencies or

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(1) In order to carry out the purposes of this chapter, the director may, subject to the provisions of subdivisions 51A-17-55 (1) and (4): (a) Enter into agreements or relationships with other government officials or federal and state regulatory agencies and regulatory associations in order to improve efficiencies and reduce regulatory burden by standardizing methods or procedures, and sharing resources, records, or related information obtained under this chapter; (b) Use, hire, contract, or employ analytical systems, methods, or software to examine or investigate any person subject to this chapter; (c) Accept, from other state or federal government agencies or officials, licensing, examination, or investigation reports made by the other state or federal government agencies or officials; and (d) Accept audit reports made by an independent certified public accountant or other qualified third-party auditor for an applicant or licensee and incorporate the audit report in any report of examination or investigation. (2) The director has the broad administrative authority to administer, interpret, and enforce this chapter and to recover the cost of administering and enforcing this chapter by imposing and collecting proportionate and equitable fees and costs associated with applications, examinations, investigations, and other actions required to achieve the purpose of this chapter.