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2020 South Dakota Codified Laws
Title 51A - Banks and Banking
Chapter 15 - Suspension And Liquidation Of Banks
Section 51A-15-9 - Reports of progress in voluntary liquidation--Order and certificate of dissolution.
Universal Citation: SD Codified L § 51A-15-9 (2020)
51A-15-9. Reports of progress in voluntary liquidation--Order and certificate of dissolution.
The director may require reports of the progress of a bank engaged in voluntary liquidation and whenever he is satisfied that the liquidation has been properly completed he shall cancel the charter and enter an order of dissolution. The filing of a certified copy of such order with the secretary of state shall be deemed authority for the issuance of a certificate of dissolution.
Source: SL 1969, ch 11, §13.4; SL 1970, ch 265, §64; SDCL, §51-27-9; SL 2005, ch 202, §19.
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