S.D. Admin. R. 20:07:16:07

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

Section 20:07:16:07 - Definition of special bank subsidiary

A special bank subsidiary is any subsidiary of a bank which engages in one or more of the following businesses: insurance underwriting, real estate development, or acting as a surety or guarantor.

S.D. Admin. R. 20:07:16:07

12 SDR 106, effective 1/1/1986; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 51A-2-13 to 51A-2-15.

Law Implemented: SDCL 51A-2-40, 51A-4-4.