SDCL § 51A-6A-45.1: Liability of receiver.
Where this section sits in the code
- TITLE 51A. BANKS AND BANKING
- CHAPTER 51A-6A. CREATION OF TRUST COMPANIES
No receiver, appointed pursuant to § 51A-6A-44, is liable to any person for good faith compliance with any law, statute, rule, or judgment, decree, or order of a court. Nor is any receiver liable to any person for any action taken or omitted unless a court finds that the receiver acted or failed to act as a result of misfeasance, bad faith, gross negligence, or reckless disregard of duty.
Source: SL 2005, ch 260, § 11.
Collected 2026-09-03T15:18:57Z. Source file · JSON