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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 06A - Creation Of Trust Companies
§ 51A-6A-8 Amendment of articles--Extension of existence.
Universal Citation: SD Codified L § 51A-6A-8 (2017)
51A-6A-8. Amendment of articles--Extension of existence. Prior to the expiration of the period for which it was incorporated or organized a trust company may, with the approval of at least a majority of the capital stock or ownership units of such trust company, amend its articles to extend its existence for an additional period, which may be perpetual.
Source: SL 1995, ch 268, § 5A; SL 2011, ch 212, § 39.
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