Memorandum Opinion on CTA Ruling
Below is a copy of the Memorandum Opinion from the federal court case in Alabama that ruled that CTA is unconstitutional. This is intended as an informational resource for SDTA members.
Accountant – CISA Trust Company (South Dakota) LLC
Accountant – CISA Trust Company (South Dakota) LLC CISA Trust Company (South Dakota) LLC Accountant Role Summary CISA Trust Company (South Dakota) LLC (“CISA SD”) is a trust company that holds a public non- deposit trust charter from the Division of Banking of South Dakota. It has offices in downtown Sioux Falls. CISA SD is …
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Spring 2024 SDTA Scholarship Recipients Announced
In 2022, the South Dakota Trust Association implemented a new scholarship opportunity available to post-secondary students to help increase awareness of the local trust industry. It is the hope that this scholarship opportunity helps to raise awareness of students about the career paths in the trust industry, emphasizing the current demand for trust administrators. In …
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SDTA Presents a Donation to Sioux Falls YMCA
Through the generous contributions of SDTA members, we made $25,000 in grants to Feeding South Dakota, as well as the YMCA Children’s Food Program and Habitat for Humanity locations in both Rapid City and Sioux Falls from the SDTA donor advised fund (Trust for the Future Fund) at the South Dakota Community Foundation during 2023. …
SDTA Partners to Offer Trust Administration Courses
The South Dakota Trust Association is excited to partner with the University of Sioux Falls to offer classes in trust administration. These classes will begin during the 2024 spring semester. Trusts I will be the first offered and it’s a great foundation of South Dakota trust administration not only for those in college, but also …
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FinCEN Issues Final Rule on CTA
On November 29, 2023, the Financial Crimes Enforcement Network (FinCEN) issued a final rule extending the deadline for certain reporting companies to file their initial beneficial ownership information (BOI) reports under the U.S. Corporate Transparency Act (CTA). Reporting Companies created or registered in 2024 will have 90 calendar days from the date of receiving actual or public notice …
SDTA Members Volunteer at Feeding South Dakota
We held an SDTA volunteer day at Feeding South Dakota in Rapid City and Sioux Falls where members packed backpacks of food for students in need to take home over the weekend. It’s a fun competition between the Rapid City and Sioux Falls locations to see who can pack more backpacks, but it’s the students …
SDTA Holds 7th Annual Fall Forum
The 2023 Fall Forum was held in Sioux Falls where 340 members and other attendees from around the country participated in-person or virtually in a day and a half conference on topics related to South Dakota trust laws. A special thank you to all of our sponsors who made this event a huge success! Please …
South Dakota Trust Law Update 2023 Edition
South Dakota Trust Law Update 2023