South Dakota Statutes
§ 58-27-85 — Banking business authorized--Acquisition of banks--Regulation of such banking business.
Any insurance company, directly or through subsidiaries, may engage in all facets of the banking business. Any such insurance company may acquire all or substantially all of the shares of an existing bank which is established under the laws of this state or any other state. Any such banking business is subject to the same laws and regulations and the application thereof by the Division of Banking as are applicable to the operation of banks which are unaffiliated with insurance companies.
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South Dakota § 58-27-85 (Banking business authorized--Acquisition of banks--Regulation of such banking business.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1983, ch 376, § 10.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.