South Dakota § 51A-5-25 Approval or ratification of acceptance or relinquishment of fiduciary accounts by board of directors or committee.

South Dakota Statutes

§ 51A-5-25 — Approval or ratification of acceptance or relinquishment of fiduciary accounts by board of directors or committee.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-2 TRUST BUSINESS OF BANKS

No bank shall accept or voluntarily relinquish a fiduciary account without the approval or ratification of the board of directors, or a committee of officers or directors designated by the board for that purpose, but the board or the committee may prescribe general rules governing acceptance or relinquishment of fiduciary accounts, and action taken by an officer in accordance with these rules is sufficient approval.

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No bank shall accept or voluntarily relinquish a fiduciary account without the approval or ratification of the board of directors, or a committee of officers or directors designated by the board for that purpose, but the board or the committee may prescribe general rules governing acceptance or relinquishment of fiduciary accounts, and action taken by an officer in accordance with these rules is sufficient approval.

South Dakota § 51A-5-25 (Approval or ratification of acceptance or relinquishment of fiduciary accounts by board of directors or committee.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.