South Dakota § 51A-7-25 Authority of director in case of violation by South Dakota branch of out

South Dakota Statutes

§ 51A-7-25 — Authority of director in case of violation by South Dakota branch of out

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-6A BRANCH BANKS AND DRIVE-IN FACILITIES

If it is determined that a branch maintained by an out - of - state state bank in South Dakota is being operated in violation of any provision of the laws of South Dakota or is being operated in an unsafe and unsound manner, the director has the authority to take any enforcement action as though the branch were a South Dakota state bank if the director gives notice to the home state regulator of the enforcement action.

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If it is determined that a branch maintained by an out - of - state state bank in South Dakota is being operated in violation of any provision of the laws of South Dakota or is being operated in an unsafe and unsound manner, the director has the authority to take any enforcement action as though the branch were a South Dakota state bank if the director gives notice to the home state regulator of the enforcement action.

South Dakota § 51A-7-25 (Authority of director in case of violation by South Dakota branch of out) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.