Section 51A-7-16 - Restrictions on branches by other states.

51A-7-16. Restrictions on branches by other states. To the extent another state imposes a restriction on the ability of a South Dakota bank to establish, acquire, or retain a branch in that state, the other state's restriction shall apply to the establishment, acquisition, or retention of a branch in South Dakota by a bank from that state.

Source: SL 1996, ch 280, § 4; SL 2008, ch 252, § 37.