South Dakota § 51A-17-89 Maintenance of records.

South Dakota Statutes

§ 51A-17-89 — Maintenance of records.

South Dakota § 51A-17-89

Title 51ABANKS AND BANKING

Ch. 51A-16MONEY TRANSMISSION

This text of South Dakota § 51A-17-89 (Maintenance of records.) 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-17-89 (2026).

Text

(1)Licensee shall maintain the following records, for determining its compliance with this chapter for at least three years:

(a)A record of each outstanding money transmission obligation sold;

(b)A general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts;

(c)Bank statements and bank reconciliation records;

(d)Records of outstanding money transmission obligations;

(e)Records of each outstanding money transmission obligation paid within the three-year period;

(f)A list of the last known names and addresses of all of the licensee's authorized delegates; and (g) Any other records the director reasonably requires by rule.

(2)The items specified in subdivision (1) of this section may be maintained in any form

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(1) Licensee shall maintain the following records, for determining its compliance with this chapter for at least three years: (a) A record of each outstanding money transmission obligation sold; (b) A general ledger posted at least monthly containing all asset, liability, capital, income, and expense accounts; (c) Bank statements and bank reconciliation records; (d) Records of outstanding money transmission obligations; (e) Records of each outstanding money transmission obligation paid within the three-year period; (f) A list of the last known names and addresses of all of the licensee's authorized delegates; and (g) Any other records the director reasonably requires by rule. (2) The items specified in subdivision (1) of this section may be maintained in any form of record. (3) Records specified in subdivision (1) of this section may be maintained outside this state if the records are made accessible to the director on seven business-days' notice that is sent in a record. (4) All records maintained by the licensee as required in this section are open to inspection by the director pursuant to subdivision 51A-17-56 (1).