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

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.

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