Home/South Dakota/Statutes/Title 51A: BANKS AND BANKING/Ch. 51A-15: SUSPENSION AND LIQUIDATION OF BANKS/§ 51A-15-42
South Dakota Statutes

§ 51A-15-42 — Distribution of assets remaining after liquidation.

South Dakota·Title 51A BANKS AND BANKING·Ch. 51A-15 SUSPENSION AND LIQUIDATION OF BANKS
When the director or receiver has liquidated a bank, any assets remaining after all claims have been paid shall be distributed to the stockholders in accordance with their respective interests.

Free access — add to your briefcase to read the full text and ask questions with AI

South Dakota § 51A-15-42 (Distribution of assets remaining after liquidation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1911, ch 256, § 19; SL 1915, ch 102, art 1, § 24; RC 1919, § 8940; SDC 1939, § 6.0630; SDCL, § 51-14-64; SL 1969, ch 11, § 13.22; SL 1988, ch 377, § 184; SDCL, § 51-27-34.

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.
View on official source ↗