§ 51A-15-27

S.D. Codified Laws § 51A-15-27 (2026)

Expenses of director paid from assets.

SL 1911, ch 256 , § 15; SL 1915, ch 102 , art 1, § 14; SL 1917, ch 140 , § 4; RC 1919, § 8930; SL 1925, ch 93 , § 2; SDC 1939, § 6.0619; SL 1941, ch 18 ; SDCL, § 51-14-51; SL 1969, ch 11 , § 13.10; SL 1970, ch 265 , § 67; SL 1988, ch 377 , § 171; SDCL, § 51-27-19.

All necessary and reasonable expenses of the director's suspension and taking possession of a bank and of its reorganization or liquidation shall be paid from the assets thereof.

Source: SL 1911, ch 256 , § 15; SL 1915, ch 102 , art 1, § 14; SL 1917, ch 140 , § 4; RC 1919, § 8930; SL 1925, ch 93 , § 2; SDC 1939, § 6.0619; SL 1941, ch 18 ; SDCL, § 51-14-51; SL 1969, ch 11 , § 13.10; SL 1970, ch 265 , § 67; SL 1988, ch 377 , § 171; SDCL, § 51-27-19.