SDCL § 51A-19-2: Reasonable belief of exploitation--Authorized actions.

If a financial institution, or an employee of a financial institution, reasonably believes, or has received information from a state agency or a law enforcement agency demonstrating that it is reasonable to believe financial exploitation of a consenting, senior, or vulnerable adult may have occurred, may have been attempted, is occurring, or is being attempted, the financial institution may:

(1) Delay or refuse a transaction with or involving the consenting, senior, or vulnerable adult;

(2) Delay or refuse to permit the withdrawal or disbursement of funds contained in the account of the consenting, senior, or vulnerable adult;

(3) Prevent a change in ownership of the account of a consenting, senior, or vulnerable adult;

(4) Prevent a transfer of funds from the account of the consenting, senior, or vulnerable adult to an account owned wholly or partially by another person;

(5) Refuse to comply with instructions given to the financial institution by an agent or a person acting for or with an agent under a power of attorney signed or purported to have been signed by the consenting, senior, or vulnerable adult; or

(6) Prevent the designation or change the designation of beneficiaries to receive any property, benefit, or contract rights for a consenting, senior, or vulnerable adult at death.

Source: SL 2026, ch 194, § 2.