Resources

The SDTA was one of numerous organizations who signed a letter requesting that the Senate delay the implementation of the Corporate Transparency Act. A copy of the letter is below.  

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.  

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 …

SDTA Partners to Offer Trust Administration Courses Read More »

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 …

FinCEN Issues Final Rule on CTA Read More »

The application period is now open for the Spring 2024 SDTA Trust Industry Scholarship. Scholarship Amount: (1) – $3,000 and (2) – $1,500 Purpose:  The South Dakota Trust Association Trust Industry Scholarship awards three (3) scholarships to college students to both promote the industry and offer students a window into the variety of career paths …

Spring 2024 SDTA Scholarship Application Period Open Read More »

The Division of Banking Industry Overview was part of the agenda materials for the Banking Commission meeting held April 19, 2023.  The trust industry part of the report appears beginning on page 10 of the report. Access a PDF copy of the report using this link: PowerPoint Presentation: Division of Banking Industry Overview – 4.19.23

The Division of Banking Industry Overview was part of the agenda materials for the Banking Commission meeting held December 15, 2022.  The trust industry part of the report appears beginning on page 10 of the report. Access a PDF copy of the report using this link: PowerPoint Presentation: Division of Banking Industry Overview

The bill being proposed by the Governor’s Trust Task Force has been posted. Here is a link to the bill. https://sdlegislature.gov/Session/Bill/24027/245592