South Dakota Statutes
§ 51A-5-5 — Deposit available for satisfaction of claims upon liquidation, abandonment of trust powers, or resignation from fiduciary positions.
South Dakota § 51A-5-5
This text of South Dakota § 51A-5-5 (Deposit available for satisfaction of claims upon liquidation, abandonment of trust powers, or resignation from fiduciary positions.) 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-5-5 (2026).
Text
Upon liquidation, abandonment of trust powers, or resignation from all fiduciary positions, the deposit shall be made available for the reasonable satisfaction of claims involving fiduciary accounts. Any surplus remaining after the satisfaction of all such claims shall be returned to the bank or trust company.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1969, ch 11, § 5.3; SDCL, § 51-19-4; SL 1995, ch 268, § 66.
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 51A-5-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/51A-5-5.