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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 15 - Suspension And Liquidation Of Banks
§ 51A-15-29 Modification of reorganization plan or liquidation of bank--Grounds and notice requirements.
Universal Citation: SD Codified L § 51A-15-29 (2017)
51A-15-29. Modification of reorganization plan or liquidation of bank--Grounds and notice requirements. Whenever in the course of reorganization supervening conditions render a plan of reorganization unfair or its execution impractical, the director may modify the plan or liquidate the bank. Any such action shall be taken by order upon reasonable notice.
Source: SL 1969, ch 11, § 13.12; SL 1970, ch 265, § 68; SDCL, § 51-27-21.
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