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CHAPTER 51A-4

GENERAL POWERS OF BANKS

51A-4-1      Miscellaneous banking powers.
51A-4-2      Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed.
51A-4-3      Operation of travel agency.
51A-4-4      Insurance business authorized.
51A-4-5      Certificate of authority required to engage in banking business--Misdemeanor.
51A-4-6      Order to cease and desist for violation--Right to appeal.
51A-4-7      Arrest and prosecution for violation.
51A-4-8      Deposit insurance required--Federal reserve system membership authorized.
51A-4-9      Real property authorized to be held by bank--Maximum book value of premises.
51A-4-10      Property authorized to be purchased to satisfy debts--Limitation on period of retention.
51A-4-11      Repealed.
51A-4-12      Checks settled at par--Payment from reserve deposits.
51A-4-13      Borrowing money by bank--Pledge of assets.
51A-4-14      "Bills payable" issued for money borrowed by bank--Record of amount borrowed.
51A-4-15      Rediscounting of negotiable paper--Limitation on pledge of assets as security.
51A-4-16      Sale, transfer, or assignment of loan participations.
51A-4-17      Sale of assets of bank.
51A-4-18      Grounds and procedure for nonobservance of banking hours--Extension of hours.
51A-4-19      Change in banking hours--Notice to division.
51A-4-20      Restriction on use of bank money to purchase other bank stock--Community investments authorized--Limitation on investment.
51A-4-20.1      "Community development corporation" defined.
51A-4-20.2      Qualification of community development corporation as permissible investment.
51A-4-20.3      Promulgation of rules for investment in community development corporations.
51A-4-20.4      Investments to promote public welfare authorized--Limitations.
51A-4-21      Bad debts--Maximum time allowed before charge-off--Overdraft not allowed as asset.
51A-4-22      Purchase of retail installment contract--Terms and effect of agreement.
51A-4-23      Leasing of personal property by bank--Terms and conditions.
51A-4-24      Factoring--Applicability of lending limit provisions.
51A-4-25      Bank investments--Restrictions set by rule--Limitations.
51A-4-25.1      Annuity defined.
51A-4-26      Exceptions to investment limitation--Purchase of federal, state, and municipal obligations and bonds or interim notes of South Dakota Building Authority.
51A-4-27      Investments in agricultural credit corporations and livestock loan companies.
51A-4-28      Restricted investment in mortgage banking companies authorized.
51A-4-29      Banks authorized to make or purchase loans secured by real estate mortgages--Sale of loans to Federal National Mortgage Association--Capital contributions.
51A-4-30      Investment in federally sponsored housing loans.
51A-4-31 to 51A-4-40. Repealed.
51A-4-41      Deposits from Value Added Finance Authority.
51A-4-42      Restrictions on purchase of cash value life insurance contracts.
51A-4-43      Access to motor vehicle title and lien information on state's computer system.
51A-4-44      Financial institution and services defined.
51A-4-45      Contracts for services.


51A-4-46      Debt cancellation contracts and debt suspension contracts--Fee.


Back to Title 51A