51A-13-3. Failure to report--Civil penalty.Any bank failing to make and transmit to the director any report as required by this title, is subject to a civil penalty of fifty dollars for each day during which such failure continues; and if any bank fails or refuses to pay such penalty, the director shall institute proceedings for the recovery thereof. Source: SDC 1939, §6.0435; SDCL, §51-12-6; SL 1969, ch 11, §11.4; SL 1970, ch 265, §58; SL 1980, ch 24, §88; SDCL, §51-25-4; SL 1995, ch 269, §2.
South Dakota Legal Code