Legal Opinion
Application of Trade Development Bank
South Dakota Supreme Court
Decided February 19, 1986No. 15014PublishedCited by 8 opinions
1Opinion of the Court
FOSHEIM, Chief Justice.
Independent Community Bankers Association of South Dakota, Inc., (Independent Bankers) appeals from a circuit decision which recognizes the South Dakota Banking Commission’s (Commission) authority to create and define a “special purpose bank.” We reverse.
On July 11, 1984, Commission gave notice of its intent to adopt or amend the following two administrative rules:
20:07:12:01 Special purpose bank defined. A special purpose bank is a bank that has the powers defined in SDCL 51-15-1(1) and (5) except that it cannot take deposits from the general public.
General Authority:…
2Cases cited8 opinions
- State v. HollandSouth Dakota Supreme Court · 1984
- Nash Finch Co. v. South Dakota Department of RevenueSouth Dakota Supreme Court · 1981
- Wall v. FennerSouth Dakota Supreme Court · 1956
- Application of Northwestern Bell Tel. Co.South Dakota Supreme Court · 1982
- St. Charles State Bank v. WingfieldSouth Dakota Supreme Court · 1915
3 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Permann v. South Dakota Department of Labor, Unemployment Insurance DivisionSouth Dakota Supreme Court · 1987
- Day v. John Morrell & Co.South Dakota Supreme Court · 1992
- First National Bank of Minneapolis v. Kehn Ranch, Inc.South Dakota Supreme Court · 1986
- Rude Transportation Co. v. South Dakota Public Utilities CommissionSouth Dakota Supreme Court · 1988
- Whitesell v. Rapid Soft Water & Spas Inc.South Dakota Supreme Court · 2014
3 more not listed; retrieve them via the Exa API.