Home/South Dakota/Statutes/Title 51A: BANKS AND BANKING/Ch. 51A-14: REORGANIZATION OF BANKS/§ 51A-14-2
South Dakota Statutes

§ 51A-14-2 — Purchase of assets and assumption of liabilities.

South Dakota § 51A-14-2
JurisdictionSouth Dakota
Title 51ABANKS AND BANKING
Ch. 51A-14REORGANIZATION OF BANKS

This text of South Dakota § 51A-14-2 (Purchase of assets and assumption of liabilities.) 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.

Bluebook
S.D. Codified Laws § 51A-14-2 (2026).

Text

A bank may purchase the assets and assume the liabilities of another state bank, national bank or savings and loan association organized pursuant to 12 U.S.C. § 1464 as amended as of January 1, 1990. The provisions of §§ 51A-2-16 and 51A-3-7 to 51A-3-12 , inclusive, govern such applications.

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Related

§ 1464
12 U.S.C. § 1464

Legislative History

SL 1981, ch 346, § 65; SDCL § 51-26-4; SL 1988, ch 377, § 159; SL 1990, ch 383, § 2; SDCL § 51-26-1.1; SL 2012, ch 252, § 23.

Nearby Sections

15
§ 51A-1-1
Applicability of provisions--Retention of capital structure by banks.
§ 51A-1-10
False entries--Obstruction of examination--Felonies.
§ 51A-1-11
False filing as misdemeanor.
§ 51A-1-12
Payment or indemnification of person for fine, penalty or judgment unlawful--Civil liability--Exceptions--Action to recover payments.
§ 51A-1-13
Misappropriation of funds or information by officer, director, or employee as felony.
§ 51A-1-14
Receipt, possession, or sale of misappropriated funds or information as felony.
§ 51A-1-15
Acknowledgments by officers or employees of banks validated.
§ 51A-1-16
Severability of provisions.
§ 51A-1-17
No duty to disclose information about customers--Exceptions.
§ 51A-1-18
Agreements or compacts with other jurisdictions--Administration--Filing--Availability.
§ 51A-1-19
Central bank digital currency--Public transaction prohibited.
§ 51A-1-2
Definition of terms.
§ 51A-1-20
Central bank digital currency--Private transaction--Alternative required.
§ 51A-1-3
Adverse claims against bank deposits, contents of safe deposit box or property in safekeeping.
§ 51A-1-4
Disqualification of officer, employee or director for violation--Civil liability.
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Bluebook (online)
South Dakota § 51A-14-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-14-2.