South Dakota § 51A-17-58 Conflict with federal law.

South Dakota Statutes

§ 51A-17-58 — Conflict with federal law.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-16 MONEY TRANSMISSION

(1)In the event state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency.

(2)In the event of any inconsistencies between this chapter and a federal law that governs pursuant to this section, the director may provide interpretive guidance that:

(a)Identifies the inconsistency; and (b) Identifies the appropriate means of compliance with federal law.

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(1) In the event state money transmission jurisdiction is conditioned on a federal law, any inconsistencies between a provision of this chapter and the federal law governing money transmission shall be governed by the applicable federal law to the extent of the inconsistency. (2) In the event of any inconsistencies between this chapter and a federal law that governs pursuant to this section, the director may provide interpretive guidance that: (a) Identifies the inconsistency; and (b) Identifies the appropriate means of compliance with federal law.

South Dakota § 51A-17-58 (Conflict with federal law.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.