S.D. Codified Laws § 51A-15-6

Current through the 2024 Legislative Session

Section 51A-15-6 - Depositor's or creditor's rights not impaired by voluntary liquidation-Return of safe deposit rental

The approval of an application for voluntary liquidation shall not impair any right of a depositor or creditor to payment in full and all lawful claims of creditors and depositors shall promptly be paid. The unearned portion of the rental of a safe deposit box shall be returned to the lessee.

SDCL 51A-15-6

SL 1969, ch 11, § 13.2 (5); SL 1970, ch 265, § 62; SDCL, § 51-27-6.