{"data":{"id":"us-sd/sdcl-58-14-23","jurisdiction":"us-sd","citation":"SDCL § 58-14-23","heading":"Qualified United States financial institution defined for eligibility to act as fiduciary of a trust.","body":"A qualified United States financial institution means, for purposes of those provisions of this chapter specifying those institutions that are eligible to act as a fiduciary of a trust, an institution that:\n(1) Is organized or, in the case of a United States branch or agency office of a foreign banking organization, licensed under the laws of the United States or any state thereof, and has been granted authority to operate with fiduciary powers; and\n(2) Is regulated, supervised, and examined by United States federal or state authorities having regulatory authority over banks and trust companies.","path":["TITLE 58. INSURANCE","CHAPTER 58-14. REINSURANCE"],"source_url":"https://sdlegislature.gov/Statutes/58-14-23","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"e32a8a9fd9f0b35e9852f491930364342f2889f20d01e8a6b35b3714869efe46","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-14-22","next":"us-sd/sdcl-58-14-24"},"notice":"GroundRules: Original legal text. Not legal advice."}