No bank service corporation may purchase, hold or acquire the capital stock of any state or national bank or of any bank holding company. Source: SL 1970, ch 265 , § 41; SL 1988, ch 377 , § 133; SDCL, § 51-21-3.1.
Ownership of bank or bank holding company stock prohibited
SDCL § 51A-9-4 — under BANK SERVICE CORPORATIONS.
SDCL § 51A-9-4