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2019 South Dakota Codified Laws
Title 51A - Banks and Banking
Chapter 15 - Suspension And Liquidation Of Banks
§ 51A-15-42 Distribution of assets remaining after liquidation.
Universal Citation: SD Codified L § 51A-15-42 (2019)
51A-15-42. Distribution of assets remaining after liquidation. When the director or receiver has liquidated a bank, any assets remaining after all claims have been paid shall be distributed to the stockholders in accordance with their respective interests.
Source: SL 1911, ch 256, § 19; SL 1915, ch 102, art 1, § 24; RC 1919, § 8940; SDC 1939, § 6.0630; SDCL, § 51-14-64; SL 1969, ch 11, § 13.22; SL 1988, ch 377, § 184; SDCL, § 51-27-34.
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