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2019 South Dakota Codified Laws
Title 51A - Banks and Banking
Chapter 15 - Suspension And Liquidation Of Banks
§ 51A-15-6 Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental.
Universal Citation: SD Codified L § 51A-15-6 (2019)
51A-15-6. Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental. The approval of an application for voluntary liquidation shall not impair any right of a depositor or creditor to payment in full and all lawful claims of creditors and depositors shall promptly be paid. The unearned portion of the rental of a safe deposit box shall be returned to the lessee.
Source: SL 1969, ch 11, § 13.2 (5); SL 1970, ch 265, § 62; SDCL, § 51-27-6.
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