South Dakota 15 — Suspension And Liquidation Of Banks
- 51A-15-1 — Voluntary liquidation--Requirements for approval.
- 51A-15-2 — Ceasing to do business and winding up affairs on voluntary liquidation.
- 51A-15-3 — Notice of voluntary liquidation--Manner of publication--Contents.
- 51A-15-4 — Resignation of fiduciary positions and settlement of accounts on voluntaryliquidation.
- 51A-15-5 — Disposition of safe deposit on voluntary liquidation.
- 51A-15-6 — Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safedeposit rental.
- 51A-15-7 — Distribution of assets after discharge of obligations on voluntary liquidation--Disposition of unclaimed distributions.
- 51A-15-8 — Authority of director to take possession of bank in voluntary liquidation.
- 51A-15-9 — Reports of progress in voluntary liquidation--Order and certificate of dissolution.
- 51A-15-10 — Cancellation of voluntary liquidation.
- 51A-15-11 — Director's authority to suspend activities and take possession of bank--Grounds.
- 51A-15-12 — "Insolvent" defined.
- 51A-15-13 — Receipt of deposits by insolvent bank unlawful--Felony.
- 51A-15-14 — Notice of suspension and possession.
- 51A-15-15 — Management and control powers of director in possession.
- 51A-15-16 — Circuit court jurisdiction of proceedings--Venue.
- 51A-15-17 — Change of venue.
- 51A-15-18 — Director's appointment of Federal Deposit Insurance Corporation as receiver inliquidation proceedings.
- 51A-15-19 — Powers of Federal Deposit Insurance Corporation as receiver in liquidationproceedings--Actions to recover money damages.
- 51A-15-20 — Postponement of limitation periods on director's taking actions.
- 51A-15-21 — Director's authority to take action in emergency without majority consent ofcommission.
- 51A-15-22 — Applications to enjoin director from suspending activities and taking possession ofbank.
- 51A-15-23 — Proceedings exempt from open meetings and administrative procedure laws.
- 51A-15-24 — Reorganization of bank by director--Distribution and effect of reorganization plan.
- 51A-15-25 — Execution of lien on assets of bank in director's or receiver's possession prohibited--Powers of director.
- 51A-15-26 — Borrowing money by director in possession.
- 51A-15-27 — Expenses of director paid from assets.
- 51A-15-28 — Requirements for adoption of reorganization plan.
- 51A-15-29 — Modification of reorganization plan or liquidation of bank--Grounds and noticerequirements.
- 51A-15-30 — Limitations on powers of director or receiver in liquidating bank.
- 51A-15-31 — Executory contracts of bank terminated after commencement of liquidation.
- 51A-15-32 — Fiduciary positions of bank terminated after commencement of liquidation.
- 51A-15-33 — Subrogation rights of Federal Deposit Insurance Corporation in liquidation of bank.
- 51A-15-34 — Notice of liquidation by director or receiver.
- 51A-15-35 — Disposition of safe deposit boxes in liquidation by director or receiver.
- 51A-15-36 — Settlement of claims by director or receiver in liquidation proceedings.
- 51A-15-37 — Objections to schedule of determinations in settlement of claims.
- 51A-15-38 — Partial distributions to claim holders authorized--Final distribution.
- 51A-15-39 — Priority of claims in liquidation proceedings.
- 51A-15-40 — Payment of claims not filed within time prescribed.
- 51A-15-41 — Prorata payment of claims authorized.
- 51A-15-42 — Distribution of assets remaining after liquidation.
- 51A-15-43 — Disposition of unclaimed funds after liquidation.
- 51A-15-44 — Accounting by director or receivers after liquidation--Cancellation of charter--Orderand certificate of dissolution.
- 51A-15-45 — Instruments affecting real estate executed on behalf of insolvent banks validated.