51A-4-2. Purchase and sale of securities on order of customer--Contract with securities brokerage services allowed.A bank may, directly or through subsidiaries, purchase or sell without recourse any security upon the order of a customer for his account. The terms of this section shall be construed to permit banks to contract with securities brokerage services. Source: SL 1969, ch 11, §4.7; SDCL, §51-18-7; SL 1988, ch 377, §87; SDCL, §51-18-1.1.
South Dakota Legal Code