51A-13-1      Books and accounts required by director--Civil penalty.
51A-13-2      Reports to director.
51A-13-3      Failure to report--Civil penalty.
51A-13-4      Fiduciary examinations.
51A-13-5      Preservation of records.

51A-13-1. Books and accounts required by director--Civil penalty.

Every bank shall keep such books and accounts as the director may require for the purpose of showing the true condition of the bank, and shall keep accurate, convenient, and complete records of such transactions and accounts in permanent form. Any bank which fails or refuses to open and keep such books or accounts shall be subject to a civil penalty of fifty dollars for each day it violates this section, and the director shall have authority to institute legal proceedings for the recovery of such penalty.

Source: SL 1915, ch 102, art 2, § 21; RC 1919, § 8968; SDC 1939, § 6.0434; SDCL, § 51-12-1; SL 1969, ch 11, § 11.1; SL 1970, ch 265, § 56; SL 1980, ch 24, § 87; SDCL, § 51-25-1.

51A-13-2. Reports to director.

Every bank shall make a report to the director at least once during each calendar year at such times as the director shall require, on forms which he shall prescribe. The director may require additional special reports as frequently as the director deems necessary. The director may accept copies of federal reports to comply with this section.

Source: SDC 1939, § 6.0435; SDCL, §§ 51-12-2, 51-12-5; SL 1969, ch 11, § 11.2; SL 1981, ch 346, § 63; SL 1988, ch 377, § 153; SDCL, § 51-25-2; SL 1995, ch 269, § 1.

51A-13-3. Failure to report--Civil penalty.

Any bank failing to make and transmit to the director any report as required by this title, is subject to a civil penalty of fifty dollars for each day during which such failure continues; and if any bank fails or refuses to pay such penalty, the director shall institute proceedings for the recovery thereof.

Source: SDC 1939, § 6.0435; SDCL, § 51-12-6; SL 1969, ch 11, § 11.4; SL 1970, ch 265, § 58; SL 1980, ch 24, § 88; SDCL, § 51-25-4; SL 1995, ch 269, § 2.

51A-13-4. Fiduciary examinations.

Only summary examinations and reports shall be required with respect to fiduciary activities which are subject to court accountings.

Source: SL 1969, ch 11, § 11.5; SDCL, § 51-25-5.

51A-13-5. Preservation of records.

Every bank shall retain and preserve its bank records and supporting documents for a period of time set forth in rules issued by the commission.

Source: SL 1969, ch 11, § 11.6; SL 1970, ch 265, § 59; SL 1988, ch 377, § 155; SDCL, § 51-25-6.