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Can you summarize SDCL 51A-9-4?

Bank Service Corporations > Ownership of bank or bank holding company stock prohibited.

Short Summary

No bank service corporation may purchase, hold or acquire the capital stock of any state or national bank or of any bank holding company. Source: SL 1970, ch 265, 41; SL 1988, ch 377, 133; SDCL, 51-21-3.1.

Jurisdiction

South Dakota

Source
SDCL 51A-9-4 [https://reggi.cloud.regology.com/regulations/US-SDCL/US-SDCL_T_51A_C_9_S_4]