Statutes, codes, and regulations
South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 15 - SUSPENSION AND LIQUIDATION OF BANKS
Section 51A-15-42 - Distribution of assets remaining after liquidation

S.D. Codified Laws § 51A-15-42

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Current through the 2024 Legislative Session
Section 51A-15-42 - Distribution of assets remaining after liquidation

When the director or receiver has liquidated a bank, any assets remaining after all claims have been paid shall be distributed to the stockholders in accordance with their respective interests.

SDCL 51A-15-42

SL 1911, ch 256, § 19; SL 1915, ch 102, art 1, § 24; RC 1919, § 8940; SDC 1939, § 6.0630; SDCL, § 51-14-64; SL 1969, ch 11, § 13.22; SL 1988, ch 377, § 184; SDCL, § 51-27-34.