Section 51A-7-20 - Reports required from out-of-state bank with South Dakota branch.

51A-7-20. Reports required from out-of-state bank with South Dakota branch. The director may require periodic reports regarding any out-of-state bank that has established and maintained a branch in South Dakota. The required reports may be provided by the bank or by the bank supervisory agency having primary responsibility for the bank. Any reporting requirements prescribed by the director under this section shall be consistent with the reporting requirements applicable to South Dakota state banks.

Source: SL 1996, ch 280, § 8.