South Dakota Code § 51A-3-9

Conditions to be considered in ruling on application
Open in Lexace · Ask the AI about this section
In ruling upon any bank application required in §
51A-2-16
, the director or the commission, as the case may be, shall consider the following conditions:
(1) The financial history and condition of the applicant;
(2) The adequacy of the applicant's financial structure;
(3) The future earning prospects of the applicant;
(4) The general character and fitness of the management and ownership of the applicant;
(5) The applicant's ability to serve the community as described in the application; and
(6) Such other facts and circumstances as in the opinion of the director or commission may be relevant.
In any hearing before the commission on an application, the director shall submit to the commission for its consideration pursuant to §
51A-3-10
the director's findings with respect to the above conditions together with all other pertinent information in the director's possession.

‹ Prev All South Dakota sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.