South Dakota Statutes
§ 51A-2-21 — Order to prohibit stockholders' action pending judicial determination.
The director may order the prohibition of specific action at any stockholders' meeting of any bank pending timely application for judicial determination on any matter if he believes that such order is necessary to protect the bank against improper, incompetent or careless management practices to safeguard the funds of depositors or to prevent willful violation of this title or any regulation adopted hereunder.
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South Dakota § 51A-2-21 (Order to prohibit stockholders' action pending judicial determination.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1969, ch 11, § 2.17 (1); SL 1970, ch 265, § 9; SL 1988, ch 377, § 37; SDCL, § 51-16-24.