South Dakota § 51A-6A-32 Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations.

South Dakota Statutes

§ 51A-6A-32 — Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-6A CREATION OF TRUST COMPANIES

If upon the examination of any trust company, the director considers it necessary, the director may examine the fiduciary affairs of any officer or employee of any trust company; and upon similar determination, the director may examine any investment company or holding company or corporation that is affiliated with any trust company as to matters relevant to the safety and soundness of the trust company. Determinations by the director pursuant to this section are subject to review by the commission pursuant to chapter 1-26 .

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If upon the examination of any trust company, the director considers it necessary, the director may examine the fiduciary affairs of any officer or employee of any trust company; and upon similar determination, the director may examine any investment company or holding company or corporation that is affiliated with any trust company as to matters relevant to the safety and soundness of the trust company. Determinations by the director pursuant to this section are subject to review by the commission pursuant to chapter 1-26 .

South Dakota § 51A-6A-32 (Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.