South Dakota Statutes

§ 51A-6A-48 — Contents of notice of proposed acquisition.

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

A notice of a proposed trust company acquisition shall contain, in the form prescribed by the director, the following information:

(1)The identity, personal history, business background, and experience of any person by whom or on whose behalf the acquisition is to be made, including the person's material business activities and affiliations during the past five years and a description of any material pending legal or administrative proceedings in which the person is a party and any criminal indictment or conviction of the person by a state or federal court;
(2)A statement of the assets and liabilities of any person by whom or on whose behalf the acquisition is to be made, as of the end of the fiscal year for each of the five fiscal years immediately preceding the date of the notice

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

South Dakota § 51A-6A-48 (Contents of notice of proposed acquisition.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1995, ch 268, § 46.

Nearby Sections

15
View on official source ↗