The committees provided for in §§ 51A-5-25 and 51A-5-26 shall keep minutes of their meetings, and shall fully report to the board of directors at least once in each calendar quarter all action taken since their previous report. Source: SL 1969, ch 11 , § 5.10; SDCL, § 51-19-13.
Reports of committees designated to supervise fiduciary accounts
SDCL § 51A-5-27 — under TRUST BUSINESS OF BANKS.
SDCL § 51A-5-27