South Dakota Statutes

§ 54-4-37 — Entities exempt from chapter provisions.

South Dakota·Title 54 DEBTOR AND CREDITOR·Ch. 54-3A MONEY LENDING LICENSES

The following entities are exempt from the provisions of this chapter:

(1)Any state bank and its subsidiary;
(2)Any national bank and its subsidiary;
(3)Any bank holding company and its subsidiary;
(4)Any other federally insured financial institution, its holding company and subsidiary; and (5) Any South Dakota chartered trust company.

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Legislative History

SL 1998, ch 280, § 2; SL 1999, ch 239, § 1; SL 2004, ch 292, § 1.

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