No branch bank may close without the approval of the director. If a branch is closed the branch certificate shall be surrendered to the division. A violation of this section is a Class 2 misdemeanor. Source: SL 1984, ch 316 ; SL 1988, ch 377 , § 128; SDCL § 51-20-4.2; SL 2008, ch 252 , § 32.
Closing branch--Approval required--Violation as misdemeanor
SDCL § 51A-7-6 — under BRANCH BANKS AND DRIVE-IN FACILITIES.
SDCL § 51A-7-6