{"data":{"id":"us-sd/sdcl-51a-15-31","jurisdiction":"us-sd","citation":"SDCL § 51A-15-31","heading":"Executory contracts of bank terminated after commencement of liquidation.","body":"Within six months of the commencement of involuntary liquidation, the director or receiver may by his election terminate any executory contract for services or advertising to which a bank is a party or any obligation of a bank as a lessee. A lessor who receives sixty days' notice of the director's or receiver's election to terminate such a lease shall have no claim for rent other than rent accrued to the date of termination nor for damages for such termination.\nSource: SL 1969, ch 11, § 13.14; SL 1970, ch 265, § 69; SL 1988, ch 377, § 174; SDCL, § 51-27-23.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-15. SUSPENSION AND LIQUIDATION OF BANKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-15-31","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"be0248b59674c13d5893ee83b83e42bc6e5423bf872a8fb14e5616b1a2ee808f","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-15-30","next":"us-sd/sdcl-51a-15-32"},"notice":"GroundRules: Original legal text. Not legal advice."}