{"data":{"id":"us-sd/sdcl-51a-15-21","jurisdiction":"us-sd","citation":"SDCL § 51A-15-21","heading":"Director's authority to take action in emergency without majority consent of commission.","body":"If, in the opinion of the director, an emergency exists which will result in serious losses to the depositors and creditors, he may suspend all activities and take possession of a bank without the consent of a majority of the members of the commission.\nSource: SL 1969, ch 11, § 13.7 (1); SL 1982, ch 336, § 3; SL 1988, ch 377, § 168; SDCL, § 51-27-14.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-15. SUSPENSION AND LIQUIDATION OF BANKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-15-21","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"a7435a914b7d3a5d4bce84725535e9d2d3593c62d7dfde8e4bc06221cfd22b78","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-15-20","next":"us-sd/sdcl-51a-15-22"},"notice":"GroundRules: Original legal text. Not legal advice."}