<html> <head> <title>Rule 20:07:10:03 Application form required.</title> <META NAME="Keywords" Content="Administrative Rules 20:07:10:03"> <META NAME="Description" Content="Administrative Rules 20:07:10:03 Application form required."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 15 (filtered)"> <style> <!-- /* Font Definitions */ @font-face {font-family:"Cambria Math"; panose-1:2 4 5 3 5 4 6 3 2 4;} @font-face {font-family:Calibri; panose-1:2 15 5 2 2 2 4 3 2 4;} @font-face {font-family:Times; panose-1:2 2 6 3 5 4 5 2 3 4;} /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times",serif;} a:link, span.MsoHyperlink {color:blue; text-decoration:underline;} a:visited, span.MsoHyperlinkFollowed {color:purple; text-decoration:underline;} .MsoChpDefault {font-size:10.0pt; font-family:"Calibri",sans-serif;} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.0in 1.0in 1.0in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US link=blue vlink=purple> <div class=WordSection1> <p class=MsoNormal style='text-align:justify'><span style='font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:07:10:03.&nbsp;&nbsp;Application form required.</b> An application </span><span style='font-family:"Times New Roman",serif'>must</span><span style='font-family:"Times New Roman",serif'> be filed on the forms prescribed by the director</span><span style='font-family:"Times New Roman",serif'>. Except as otherwise provided in this section, the application must</span><span style='font-family:"Times New Roman",serif'> be accompanied by a resolution of the bank or trust company's board of directors or board of managers to authorize the application and</span><span style='font-family:"Times New Roman",serif'> the</span><span style='font-family:"Times New Roman",serif'> appropriate fee. A</span><span style='font-family:"Times New Roman",serif'> resolution is not required if the</span><span style='font-family:"Times New Roman",serif'> application</span><span style='font-family:"Times New Roman",serif'> is</span><span style='font-family: "Times New Roman",serif'> for a new bank or trust company charter. The director shall</span><span style='font-family:"Times New Roman",serif'> make all application forms available on the division's website and</span><span style='font-family:"Times New Roman",serif'> provide a list of forms upon request. An applicant shall file an electronic copy of any application form and</span><span style='font-family:"Times New Roman",serif'> any</span><span style='font-family: "Times New Roman",serif'> attachment</span><span style='font-family:"Times New Roman",serif'>s</span><span style='font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-family:"Times New Roman",serif'>&nbsp;</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 8 SDR 31, effective September 30, 1981; 12 SDR 151, 12 SDR 155, effective July 1, 1986; 15 SDR 28, effective August 21, 1988; 34 SDR 322, effective June 30, 2008; 36 SDR 208, effective June 30, 2010</span><span style='font-family:"Times New Roman",serif'>; 47 SDR 68, effective December 9, 2020</span><span style='font-family:"Times New Roman",serif'>.</span></p> <p class=MsoNormal style='text-align:justify'><span style='font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-2-13">51A-2-13.</A></span></p> <p class=MsoNormal style='text-align:justify'><span style='font-family:"Times New Roman",serif'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-2-16">51A-2-16</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-3-7">51A-3-7</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-3-15">51A-3-15</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=51A-6A-4">51A-6A-4.</A></span></p> <p class=MsoNormal style='text-align:justify'><span style='font-family:"Times New Roman",serif'>&nbsp;</span></p> </div> </body> </html>