Establishment of branch banks

A branch bank may be established de novo or by consolidating or merging with or purchasing the assets of another state bank, national bank or savings and loan association, or another federally insured financial institution. Source: SL 1933 (SS), ch 2 , § 2; SDC 1939, § 6.0402; SL 1957, ch 11 ; SDCL § 51-8-1; SL 1969, ch 11 , § 6.4; SL 1978, ch 351 ; SL 1981, ch 346 , § 41; SL 1990, ch 381 ; SDCL § 51-20-4; SL 2008, ch 252 , § 30. 51A-7-5. Repealed by SL 2008, ch 252 , § 31.