20 chapters · 460 sections in this title.
SDCL § 51A-10-1 "Deposit" or "deposits" defined
1.1K chars
The word "deposit" or "deposits" shall be construed to be the unpaid balance of money or its equivalent, including "deposits subject to check"; "dividends unpaid"; "savings deposits"; "special deposits"; "trust deposits"; "certified checks" and "cashier's checks outstanding"; "de…
SDCL § 51A-10-10 Substitution or exchange of securities deposited to qualify as depository for funds of governmental subdivisions
1.0K chars
Any bank pledging such securities pursuant to § 51A-10-9 may substitute or exchange, at any time it deems it advisable or desirable and without concurrence of the depositor, or any officers of such depositors, eligible securities of like nature and character for securities pledge…
SDCL § 51A-10-11 Loans prohibited when reserve deficient
0.4K chars
Whenever the reserve of any bank shall fall below the legal amount required, such bank shall not increase its loans or discounts otherwise than by discounting or purchasing bills of exchange payable at sight or on demand. Source: SL 1909, ch 222 , art 2, § 28; SL 1915, ch 102 , a…
SDCL § 51A-10-2 Minors' accounts
0.4K chars
A bank may operate its deposit account in the name of a minor or in the name of two or more persons, one or more of whom are minors, with the same effect upon its liability as if such minors were of full age. Source: SL 1909, ch 222 , art 2, § 44; SL 1915, ch 102 , art 2, § 48; R…