S.D. Admin. R. 20:07:18:01

Current through Register Vol. 51, page 67, December 16, 2024
Section 20:07:18:01 - Key person defined

A key person is an executive officer or member of the board of directors determined by the board of directors to be essential to the continued sound operation of the bank based on board review of the person's experience, education, and skills.

S.D. Admin. R. 20:07:18:01

20 SDR 33, effective 9/5/1993.

General Authority: SDCL 51A-2-13, 51A-4-42.

Law Implemented: SDCL 51A-4-42.