Suspension, liquidation, order against unsound practice, removal of director or officer, or injunction

SDCL § 51A-6A-46.1 — under CREATION OF TRUST COMPANIES.

SDCL § 51A-6A-46.1

In addition to the powers granted to the director and the commission in §§ 51A-6A-35 to 51A-6A-46 , inclusive, the powers granted to the director and commission pursuant to §§ 51A-15-11 to 51A-15-44 , inclusive, 51A-2-22 , and 51A-2-25 to 51A-2-27 , inclusive, may be utilized by the director and the commission with regard to trust companies. The powers granted by §§ 51A-15-11 to 51A-15-44 , inclusive, 51A-2-22 , and 51A-2-25 to 51A-2-27 , inclusive, may be used by the director and the commission in connection with a trust company as a supplement to or as an independent alternative to the powers granted in §§ 51A-6A-35 to 51A-6A-46 , inclusive. Source: SL 2004, ch 312 , § 4; SL 2010, ch 232 , § 22.