GroundRules
← Search the law
South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 51A-15-42: Distribution of assets remaining after liquidation.

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

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.

Source: 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.

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

Browse this collection