Any assets remaining after the discharge of all obligations shall be distributed to the stockholders in accordance with their respective interests. No such distribution shall be made before:

1. (1) All claims of depositors and creditors have been paid, or, in the case of any disputed claim, the bank has transmitted to the director a sum adequate to meet any liability that may be judicially determined;
2. (2) Any funds payable to a depositor or creditor and unclaimed have been transmitted to the state treasurer; and
3. (3) Approved by the director. Any unclaimed distribution to a stockholder or depositor shall be held until ninety days after the final distribution and then transmitted to the state treasurer for disposition pursuant to chapter 43-41B.

Source: SL 1969, ch 11 , § 13.2 (6); SL 1970, ch 265 , § 63; SL 1974, ch 301 , § 4; SDCL, § 51-27-7.