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

SDCL § 51A-6A-45.1: Liability of receiver.

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Where this section sits in the code
  1. TITLE 51A. BANKS AND BANKING
  2. 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

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