The provided legal document content pertains to the retention and preservation of bank records and supporting documents by banks. According to the South Dakota Codified Laws, every bank is required to retain and preserve its bank records and supporting documents for a period of time specified in the rules issued by the commission. Summary examinations and reports are only required for fiduciary activities subject to court accountings. Failure to make and transmit required reports can result in a civil penalty of fifty dollars per day, and the director has the authority to institute proceedings for the recovery of such penalty.

The provided legal document content pertains to the reorganization of banks. It outlines the procedures and requirements for various scenarios such as mergers, consolidations, purchases of assets, and assumption of liabilities by other banks. The document specifies that dissident shareholders’ bank stock valuation should be established according to specific sections of the law. In non-emergency situations, if a bank has been merged, consolidated, or its assets purchased and liabilities assumed by another bank, the directors of the bank must initiate proceedings to legally dissolve the bank’s charter within thirty days.

The legal document, sourced from the South Dakota Codified Laws, specifically addresses the requirements for the adoption of a reorganization plan in the context of the suspension and liquidation of banks. According to the document, a plan of reorganization can only be prescribed if it meets certain criteria. These criteria include feasibility and fairness to all classes of depositors, creditors, and stockholders, ensuring that the value of the interest accorded to any class does not exceed the value of the assets upon liquidation, provision for the issuance of common stock in an adequate ratio to assets, and fair exchange of new common stock for obligations or stock of the bank.

This legal document, part of the South Dakota Codified Laws, governs the business of money transmission. It defines various terms used in this chapter, including applicant, authorized delegate, controlling person, director, division, electronic instrument, executive officer, key individual, key shareholder, licensee, material litigation, monetary value, money transmission, nationwide mortgage licensing system and registry, outstanding payment instrument, payment instrument, remit, security device, stored value, and tangible net worth. The document provides definitions for each term and clarifies their meanings within the context of money transmission.

The provided legal document content pertains to the organization, applications, and capital structure of banking corporations in South Dakota. It covers various aspects such as the responsibilities of directors, the requirement of fidelity bonds for officers and employees, the election and removal of officers, the holding of regular meetings by the board of directors, the minimum number of directors, the adoption of bylaws, the prohibition of banks making purchase money loans or discounts on their own stock, the transfer of shares of bank stock, the extension of corporate existence, the amendment of articles of incorporation, the election and removal of officers, the payment of dividends, the approval of dividends by the director, the declaration of dividends, the computation of net profits, the allocation of net profits to surplus, the sale of capital stock, the total capital required for newly organized banks, the number of incorporators, the articles of incorporation or organization, the organization of banks as limited liability companies, the applicability of general corporate law to banks, the requirement of insurance protection against hazards, the change of control, the application process, and the indemnification of officers, directors, employees, and agents.

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 legal document reviewed pertains to the trust business of banks in South Dakota. It outlines the powers and operations of banks engaging in the trust business. The document applies to banks that are authorized to engage in the trust business as defined in the South Dakota Codified Laws. Banks engaging in the trust business have various powers, including acting as fiduciaries, custodians, managing agents, and attorneys-in-fact. They are also allowed to establish and maintain common trust funds or collective investment funds.

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 provided legal document content pertains to the use of remote service units in the banking industry. It states that remote service units, defined as automated teller machines (ATMs) located separate and apart from a bank or branch bank, are not considered branch banks. The documents specify that only national banks, banks organized under the laws of any state, savings and loan associations or savings banks organized under the laws of the United States or any state, and credit unions organized under the laws of the United States are allowed to accept deposits through the use of remote service units.

The provided legal document, found in the South Dakota Codified Laws, governs bank service corporations and bank services. A bank service corporation refers to a corporation that is organized to perform bank services for one or more banks, with each bank owning part of the corporation’s capital stock. Bank services encompass activities that are part of the business of banking or incidental to it, such as servicing mortgages and loans, leasing personal property, operating travel agencies, credit bureaus, collection or billing agencies, check and deposit sorting and posting, computation and posting of interest and other charges, preparation and mailing of checks, statements, notices, and similar items, as well as other clerical, bookkeeping, accounting, statistical, or similar functions performed for a bank.