South Dakota Constitution
Article XVIII, § 2 — Bank to cease operations within twenty years of organization -- Reorganization
South Dakota Const. art. XVIII, § 2
South Dakota Const. art. XVIII, § 2 (Bank to cease operations within twenty years of organization -- Reorganization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
JurisdictionSouth DakotaDocumentConstitution
ArticleXVIII
Section§ 2
CitationSouth Dakota Const. art. XVIII, § 2
Bluebook
S.D. Const. art. XVIII, § 2.
Full Text
Every bank, banking company or corporation shall be required to cease all banking operations within twenty years from the time of its organization, and promptly thereafter close its business, but shall have corporate capacity to sue or be sued until its business is fully closed, but the Legislature may provide by general law for the reorganization of such banks.
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