{"data":{"id":"us-sd/sdcl-51a-15-39","jurisdiction":"us-sd","citation":"SDCL § 51A-15-39","heading":"Priority of claims in liquidation proceedings.","body":"The following claims shall have priority:\n(1) First, public deposits that are subject to chapter 4-6A and § 51A-10-9;\n(2) Then, obligations incurred by the director or receiver;\n(3) Then, total deposits of each depositor;\n(4) Then, all taxes due on a pro rata basis;\n(5) Then, wages and salaries of officers and employees earned during the three-month period preceding the director's possession in an amount not exceeding the normal amount of compensation due;\n(6) Then, fees and assessments due to the division on a pro rata basis;\n(7) Then, all other claims on a pro rata basis exclusive of claims by holders of capital notes and debentures.\nSource: SL 1969, ch 11, § 13.21 (1); SL 1988, ch 377, § 181; SL 1989, ch 411, § 5; SDCL, § 51-27-31.","path":["TITLE 51A. BANKS AND BANKING","CHAPTER 51A-15. SUSPENSION AND LIQUIDATION OF BANKS"],"source_url":"https://sdlegislature.gov/Statutes/51A-15-39","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"f65a1692f464258e08184d6729135aee51cc95144a729e4cd5922409b6c623ce","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-51a-15-38","next":"us-sd/sdcl-51a-15-40"},"notice":"GroundRules: Original legal text. Not legal advice."}