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Can you summarize SDCL Chapter 51A-7?
BANKS AND BANKING > Branch Banks And Drive-In Facilities
Short Summary
The provided legal document content pertains to the establishment, operation, and regulation of branch banks and drive-in facilities in South Dakota. It applies to various entities including banks, bank supervisory agencies, directors, out-of-state banks, out-of-state state banks, South Dakota state banks, and the State Banking Commission for South Dakota. The document defines terms related to branch banks and drive-in facilities and provides guidelines for their establishment, maintenance, and operation. It also outlines the authority and responsibilities of the director and commission in relation to branch banks and drive-in facilities. The document mentions the requirement for branch banks to clearly indicate the identity of their parent bank and the need for prior approval for the construction and operation of detached drive-in facilities. It also mentions the authority of the director to examine and regulate out-of-state banks operating branches in South Dakota. The document does not specify any exemptions or penalties related to branch banks and drive-in facilities.
Whom does it apply to?
Banks, bank supervisory agencies, directors, out-of-state banks, out-of-state state banks, South Dakota state banks, and the State Banking Commission for South Dakota
What does it govern?
Branch banks and drive-in facilities
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
South Dakota