South Dakota § 51A-3-34 Board of directors--Meetings.

South Dakota Statutes

§ 51A-3-34 — Board of directors--Meetings.

South Dakota § 51A-3-34

Title 51ABANKS AND BANKING

Ch. 51A-2ORGANIZATION, APPLICATIONS, AND CAPITAL STRUCTURE OF BANKING CORPORATIONS

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Bluebook

S.D. Codified Laws § 51A-3-34 (2026).

Text

The board of directors shall hold regular meetings at times prescribed in the bylaws of the bank. At no time may the bylaws provide for fewer meetings than the minimum number permitted by rule promulgated by the commission pursuant to chapter 1-26 . Any director of the bank or the director of the Division of Banking may call a special meeting. The board of directors or an executive committee of not less than one - third of the board shall review at least quarterly the transactions occurring since the last review.

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The board of directors shall hold regular meetings at times prescribed in the bylaws of the bank. At no time may the bylaws provide for fewer meetings than the minimum number permitted by rule promulgated by the commission pursuant to chapter 1-26 . Any director of the bank or the director of the Division of Banking may call a special meeting. The board of directors or an executive committee of not less than one - third of the board shall review at least quarterly the transactions occurring since the last review.

Legislative History

SL 1909, ch 222, art 2, § 10; SL 1911, ch 255, § 15; SL 1915, ch 102, § 1, art 2, § 12; RC 1919, §§ 8958, 9045; SL 1925, ch 102, § 1; SL 1927, ch 214, § 1; SDC 1939, § 6.0316; SL 1953, ch 14, § 2; SDCL, § 51-3-16; SL 1969, ch 11, § 3.27; SL 1988, ch 377, § 76; SL 1989, ch 412; SDCL, § 51-17-32; SL 2020, ch 204, § 2.