South Dakota Statutes
§ 51A-2-21 — Order to prohibit stockholders' action pending judicial determination.
South Dakota § 51A-2-21
This text of South Dakota § 51A-2-21 (Order to prohibit stockholders' action pending judicial determination.) 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-2-21 (2026).
Text
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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Legislative History
SL 1969, ch 11, § 2.17 (1); SL 1970, ch 265, § 9; SL 1988, ch 377, § 37; SDCL, § 51-16-24.
Nearby Sections
15
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Bluebook (online)
South Dakota § 51A-2-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-2-21.