S.D. Admin. R. 20:07:23:02

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

Section 20:07:23:02 - Mobile branch banks requiring only notification to director

Any bank desiring to establish a mobile branch bank in the municipality in which the bank has an existing permanent bank or branch bank facility or in any county in this state that does not have a permanent bank or branch bank facility at the time the mobile branch bank is first established shall submit a letter of notice to the director that includes the following:

(1) Statement of the area in which the mobile branch bank will operate; and

(2) Statement describing the operation of the mobile branch bank.

S.D. Admin. R. 20:07:23:02

32 SDR 38, effective 9/6/2005; 34 SDR 322, effective 6/30/2008.

General Authority: SDCL 51A-2-14(3)(4).

Law Implemented: SDCL 51A-1-2(19), 51A-2-14(3)(4).