§ 51A-7-14 — Interstate branches--Approval required.

With prior approval of the director, any South Dakota state bank may establish and maintain a branch or acquire a branch in a state other than South Dakota. A South Dakota state bank may conduct any activities at a branch outside of South Dakota that are permissible for a bank chartered by the host state where the branch is located.

Legislative History

SL 1996, ch 280, § 2; SL 2008, ch 252, § 35.