South Dakota § 51A-5-7 Foreign bank or trust company to comply with requirements to act as fiduciary in state--Violation as misdemeanor.

South Dakota Statutes

§ 51A-5-7 — Foreign bank or trust company to comply with requirements to act as fiduciary in state--Violation as misdemeanor.

South Dakota § 51A-5-7

Title 51ABANKS AND BANKING

Ch. 51A-2TRUST BUSINESS OF BANKS

This text of South Dakota § 51A-5-7 (Foreign bank or trust company to comply with requirements to act as fiduciary in state--Violation as misdemeanor.) 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-5-7 (2026).

Text

No bank or trust company organized and doing business under the laws of any state or territory of the United States of America, or of the District of Columbia, other than South Dakota, or a national bank doing business in any other state, territory, or district, may act in a fiduciary capacity in this state, except pursuant to the provisions of §§ 51A-5-8 to 51A-5-10 , inclusive. A violation of this section is a Class 2 misdemeanor.

Free access — add to your briefcase to read the full text and ask questions with AI

No bank or trust company organized and doing business under the laws of any state or territory of the United States of America, or of the District of Columbia, other than South Dakota, or a national bank doing business in any other state, territory, or district, may act in a fiduciary capacity in this state, except pursuant to the provisions of §§ 51A-5-8 to 51A-5-10 , inclusive. A violation of this section is a Class 2 misdemeanor.