CREATION OF TRUST COMPANIES
51A-6A-2 Confidential information.
51A-6A-3 "Community" defined.
51A-6A-4 Application for incorporation--Approval procedure--Emergency procedure.
51A-6A-5 Considerations in ruling on application-Proceedings on application.
51A-6A-5.1 Notice to division of material omission in application or change in facts reported in application.
51A-6A-6 Application fee.
51A-6A-7 Organization of public and private trust companies--Submission and approval of articles--Required information.
51A-6A-8 Amendment of articles--Extension of existence.
51A-6A-9 Starting date of trust company existence--Commencement of business.
51A-6A-10 Statement of payment of capital--Certificate of organization.
51A-6A-11 Authority to transact business required--Violation as misdemeanor.
51A-6A-11.1 Public trust companies to maintain office and perform trust administration in South Dakota.
51A-6A-11.2 Office space requirements.
51A-6A-11.3 Approval of other office space requirements.
51A-6A-12 List of owners--Annual submission to director--Verification of list.
51A-6A-13 Governing board--Membership--Election--Vacancies.
51A-6A-14 Officers of governing board--Bond required.
51A-6A-15 Meetings of governing board--Examination and audit of books and records.
51A-6A-16 Oath of board members.
51A-6A-17 Persons convicted of certain crimes ineligible to serve as board member, officer, or key employee--Civil penalty--Criminal background investigation.
51A-6A-19 Determining capital--Minimum--Purpose of capital--Fidelity bond and liability insurance policy.
51A-6A-19.1 Additional capital requirements--Safety and soundness factors to be considered--Effective date of order--Hearing.
51A-6A-19.2 Investments pledged to division for security of trust creditors of trust company--Income from investments--Effective date of order requiring pledge increase--Hearing.
51A-6A-19.3 Pledge available to satisfy claims upon liquidation, abandonment of trust powers, or resignation.
51A-6A-20 Payment of subscriptions--Reduction of common stock.
51A-6A-21 Transferring stock and ownership units.
51A-6A-22 Increasing capital stock or ownership units.
51A-6A-23 Registration of capital stock or ownership units.
51A-6A-24 Issuance of preferred stock.
51A-6A-25 Rights and liability of preferred stockholders--Dividends.
51A-6A-26 Issuance of convertible or nonconvertible capital notes or debentures.
51A-6A-27 Source of dividends.
51A-6A-28 Dividends from undivided profits.
51A-6A-29 Powers of trust company.
51A-6A-30 Retention of records--Promulgation of rules--Reproduction of records--Duty of confidentiality.
Periodic examination of trust company--Report of examination--Cooperative, coordinating and information-sharing agreements among agencies. 51A-6A-32
Examination of fiduciary affairs of officers or employees--Examination of affiliated companies or corporations. 51A-6A-33
Examination expenses paid by trust companies--Fees. 51A-6A-34
Annual report of trust company to director--Form of report--Request for additional reports. 51A-6A-35
Authority of trust company revoked upon obstruction or interference with, or refusal to submit to, examination of director. 51A-6A-36
Service of notice of charges--Contents of notice--Temporary cease and desist order. 51A-6A-37
Revocation of franchise for failure to comply with lawful requirements. 51A-6A-38
Hearing on revocation of trust authority. 51A-6A-39
Confidentiality of information generated by examination--Disclosure--Hearing. 51A-6A-40
Correction of unsafe or unsound condition or operation--Appointment of special assistant--Appeal of appointment. 51A-6A-41
Insolvency defined. 51A-6A-42
Director to take charge of insolvent trust company--Appointment of special assistant. 51A-6A-43
Plan for reorganization of insolvent trust company. 51A-6A-44
Appointment of receiver--Bond--Qualifications--Report--Removal. 51A-6A-45
Powers and duties of receiver--Order of payment of liabilities. 51A-6A-45.1
Liability of receiver. 51A-6A-46
Periodic examination of trust company in the hands of a receiver. 51A-6A-46.1
Suspension, liquidation, order against unsound practice, removal of director or officer, or injunction. 51A-6A-46.2
Disclosure of confidential information in certain actions. 51A-6A-47
Acquisition of trust company--Notice to director--Approval--Order of disapproval--Hearing. 51A-6A-48
Contents of notice of proposed acquisition. 51A-6A-49
Reason for disapproval of acquisition. 51A-6A-50
Procedure for merger, consolidation, conversion, or transfer of assets and liabilities to another bank or trust company. 51A-6A-50.1
Proceedings to legally dissolve charter of acquired, merged, or consolidated trust company. 51A-6A-51
Necessity of execution or delivery of deed for merger or consolidation. 51A-6A-52
Fiduciary capacity of successor trust company. 51A-6A-53
Name of trust company--Name change. 51A-6A-54
Approval required for changing place of business--Examination and investigation by director. 51A-6A-55
to 51A-6A-57. Repealed. 51A-6A-58
Establishment of trust service offices--Application. 51A-6A-59
, 51A-6A-60. Repealed. 51A-6A-61
Membership in federal reserve bank. 51A-6A-62
Depositing securities into federal reserve bank. 51A-6A-63
Registering investments in name of nominee--Liability of trust company. 51A-6A-64
Common trust funds and collective investment funds. 51A-6A-65
Conversion from state bank to trust company--Application--Investigation--Regulation. 51A-6A-66
Exclusion of entity from chapters 51A-5, 51A-6, and 51A-6A--Governing documents--Notice to director. 51A-6A-67
Trust company receivership and liquidation captive insurance company fund.