S.D. Admin. R. 20:07:03:18

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:07:03:18 - Board member involvement required

Board members must demonstrate involvement in the affairs of the bank by attendance at a majority of board meetings as shown by the minutes or by other proof in writing furnished to the division which satisfactorily demonstrates participation by the board member.

S.D. Admin. R. 20:07:03:18

11 SDR 46, effective 10/9/1984; 12 SDR 151, 12 SDR 155, effective 7/1/1986; 15 SDR 28, effective 8/21/1988.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-2-13.