Statutes > South Dakota Statutes > Title 51A - BANKS AND BANKING > Chapter 09 - Bank Service Corporations > Section 51A-9-4 - Ownership of bank or bank holding company stock prohibited.

Section 51A-9-4 - Ownership of bank or bank holding company stock prohibited.

51A-9-4. Ownership of bank or bank holding company stock prohibited. 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.