South Dakota § 51A-15-39 Priority of claims in liquidation proceedings.

South Dakota Statutes

§ 51A-15-39 — Priority of claims in liquidation proceedings.

South Dakota § 51A-15-39

Title 51ABANKS AND BANKING

Ch. 51A-15SUSPENSION AND LIQUIDATION OF BANKS

This text of South Dakota § 51A-15-39 (Priority of claims in liquidation proceedings.) 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-15-39 (2026).

Text

The following claims shall have priority:

(1)First, public deposits that are subject to chapter 4-6A and § 51A-10-9 ;

(2)Then, obligations incurred by the director or receiver;

(3)Then, total deposits of each depositor;

(4)Then, all taxes due on a pro rata basis;

(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;

(6)Then, fees and assessments due to the division on a pro rata basis;

(7)Then, all other claims on a pro rata basis exclusive of claims by holders of capital notes and debentures.

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The following claims shall have priority: (1) First, public deposits that are subject to chapter 4-6A and § 51A-10-9 ; (2) Then, obligations incurred by the director or receiver; (3) Then, total deposits of each depositor; (4) Then, all taxes due on a pro rata basis; (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; (6) Then, fees and assessments due to the division on a pro rata basis; (7) Then, all other claims on a pro rata basis exclusive of claims by holders of capital notes and debentures.