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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 06A - Creation Of Trust Companies
§ 51A-6A-27 Source of dividends.
Universal Citation: SD Codified L § 51A-6A-27 (2017)
51A-6A-27. Source of dividends. No trust company, during the time it continues in business, may permit to be withdrawn, in the form of dividends, any portion of its capital required pursuant to § 51A-6A-19. The current dividends of any trust company shall be paid from undivided profits after deducting losses, to be ascertained by generally accepted accounting principles at the time of making the dividend.
Source: SL 1995, ch 268, § 25; SL 2015, ch 240, § 6.
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