§ 51A-15-42

S.D. Codified Laws § 51A-15-42 (2026)

Distribution of assets remaining after liquidation.

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.

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.