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South Dakota Constitution

Article XVIII, § 2 — Bank to cease operations within twenty years of organization -- Reorganization

South Dakota Const. art. XVIII, § 2

This text of South Dakota Const. art. XVIII, § 2 (Bank to cease operations within twenty years of organization -- Reorganization) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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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Bluebook (online)
South Dakota Const. art. XVIII, § 2, Counsel Stack Legal Research, https://law.counselstack.com/constitution/sd/XVIII/2.