{"data":{"id":"us-sd/sdcl-51a-15-30","jurisdiction":"us-sd","citation":"SDCL § 51A-15-30","heading":"Limitations on powers of director or receiver in liquidating bank.","body":"In liquidating a bank the director or receiver may exercise any power thereof but he may not, without the approval of the circuit court:\n(1) Sell any asset of the bank having an appraised value in excess of five thousand dollars;\n(2) Compromise or release any claim which exceeds five thousand dollars, exclusive of interest; or\n(3) Make any payment on any claim, other than a claim upon an obligation incurred by the director or receiver, before preparing and filing a schedule of his determinations in accordance with subdivision 51A-15-36 (3).\nSource: SL 1925, ch 103, §§ 1 to 3; SDC 1939, § 6.0614; SDCL, § 51-14-37; SL 1969, ch 11, § 13.13; SL 1988, ch 377, § 173; SDCL, § 51-27-22.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-15. SUSPENSION AND LIQUIDATION OF BANKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-15-30","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"619aeedd963c0e0601841c0cb3922965a1ae28a1baa44d5c0f6a141a41c9cb0d","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-15-29","next":"us-sd/sdcl-51a-15-31"},"notice":"GroundRules: Original legal text. Not legal advice."}