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Can you summarize SDCL Chapter 51A-4?
BANKS AND BANKING > General Powers Of Banks
Short Summary
The provided legal document content pertains to the general powers of banks in South Dakota. It covers various aspects of the authority and activities of banks, including their ability to enter into debt cancellation and suspension contracts, grant authority to service institutions, access motor vehicle title and lien information, make loans eligible for insurance by federal housing and veterans affairs administrations, purchase stock and debt issued by mortgage banking companies, purchase government and municipal bonds, invest in annuities and mutual funds, purchase cash value life insurance contracts, purchase and sell participations in loans, engage in community development investments, engage in the insurance business, purchase and sell securities, issue bills payable, lease and purchase real property, advertise banking services, and engage in various other banking activities. The documents apply to banks and banking institutions in South Dakota. No specific exemptions or penalties are mentioned in these documents.
Whom does it apply to?
Banks and banking institutions in South Dakota
What does it govern?
General Powers Of Banks
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned.
Jurisdiction
South Dakota