Statutes, codes, and regulations
South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 15 - SUSPENSION AND LIQUIDATION OF BANKS
Section 51A-15-29 - Modification of reorganization plan or liquidation of bank-Grounds and notice requirements

S.D. Codified Laws § 51A-15-29

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Current through the 2024 Legislative Session
Section 51A-15-29 - Modification of reorganization plan or liquidation of bank-Grounds and notice requirements

Whenever in the course of reorganization supervening conditions render a plan of reorganization unfair or its execution impractical, the director may modify the plan or liquidate the bank. Any such action shall be taken by order upon reasonable notice.

SDCL 51A-15-29

SL 1969, ch 11, § 13.12; SL 1970, ch 265, § 68; SDCL, § 51-27-21.