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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 51A-15-10: Cancellation of voluntary liquidation.

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Where this section sits in the code
  1. TITLE 51A. BANKS AND BANKING
  2. CHAPTER 51A-15. SUSPENSION AND LIQUIDATION OF BANKS

A bank may, at any time prior to the director's cancellation of its charter, revoke its intention to voluntarily liquidate under § 51A-15-1, if it receives approval of its action upon an affirmative vote of at least two-thirds of the voting shares of the bank. Written evidence of its intentions delivered to the director prior to cancellation are considered an effective revocation.

Source: SL 1988, ch 377, § 164; SDCL, § 51-27-9.1.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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