There is a newer version of the South Dakota Codified Laws
2012 South Dakota Codified Laws
Title 51A BANKS AND BANKING
Chapter 15. Suspension And Liquidation Of Banks
§51A-15-14 Notice of suspension and possession.
SD Codified L § 51A-15-14 (through 2012) What's This?
51A-15-14. Notice of suspension and possession. The director shall suspend the activities and take possession pursuant to § 51A-15-11 or 51A-15-21 by posting upon the premises a notice reciting that all activities shall be suspended and that the director is assuming possession pursuant to this chapter and the time, not earlier than the posting of the notice, when the director's possession shall be deemed to commence. The notice shall also be filed in the circuit court for the county in which the bank is located. The director shall notify the federal reserve bank of the district of taking possession of any bank which is a member of the federal reserve system.
Source: SL 1969, ch 11, § 13.6(1); SL 1988, ch 377, § 166; SDCL § 51-27-11; SL 2012, ch 252, § 26.
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