Statutes > South Dakota Statutes > Title 51A - BANKS AND BANKING > Chapter 07 - Branch Banks And Drive-In Facilities > Section 51A-7-6 - Closing branch--Approval required--Violation as misdemeanor.

Section 51A-7-6 - Closing branch--Approval required--Violation as misdemeanor.

51A-7-6. Closing branch--Approval required--Violation as misdemeanor. No branch bank may close without the approval of the director. If a branch is closed the branch certificate shall be surrendered to the division. A violation of this section is a Class 2 misdemeanor.

Source: SL 1984, ch 316; SL 1988, ch 377, § 128; SDCL § 51-20-4.2; SL 2008, ch 252, § 32.