South Dakota Constitution
Article 18 - Banking and Currency.
§ 2 Bank to cease operations within twenty years of organization--Reorganization.
§ 2. Bank to cease operations within twenty years of organization--Reorganization. Every bank, banking company or corporation shall be required to cease all banking operations within twenty years from the time of its organization, and promptly thereafter close its business, but shall have corporate capacity to sue or be sued until its business is fully closed, but the Legislature may provide by general law for the reorganization of such banks.
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