§ 20:07:05:30

ARSD 20:07:05:30

Records retention.

Effective Jul 1, 198612 SDR 155Source: 8 SDR 31, effective September 30, 1981; 12 SDR 151, 12 SDR 155, effective July 1, 1986. | General Authority: SDCL 51A-2-13. | Law Implemented: SDCL 51A-13-5.

Banks shall retain records as normal business practices dictate. Numerical documents shall be retained in numerical order. A bank shall not destroy any records necessary for subsequent examinations of the bank.

Source: 8 SDR 31, effective September 30, 1981; 12 SDR 151, 12 SDR 155, effective July 1, 1986.

General Authority: SDCL 51A-2-13.

Law Implemented: SDCL 51A-13-5.