South Dakota Codified Laws > Title 51A > Chapter 9 – Bank Service Corporations


§ 51A-9-1	“Bank service corporation” and “bank services” defined
§ 51A-9-2	Investment in bank service corporation
§ 51A-9-3	Authority of bank service corporation
§ 51A-9-4	Ownership of bank or bank holding company stock prohibited
§ 51A-9-5	Examination of bank services

Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}