51A-14-1.Merger or consolidation of banks.
A bank authorized under this title may merge or consolidate with another state bank, national bank or savings and loan association organized pursuant to 12 U.S. C. §1464 as amended as of January 1, 1990. The provisions of §§51A-2-16 and 51A-3-7 to 51A-3-12, inclusive, govern applications for mergers and consolidations.
Source: SL 1909, ch 222, art 2, §24; SL 1911, ch 255, §31; SL 1915, ch 102, art 2, §27; RC 1919, §§8974, 9061; SDC 1939, §6.0404; SDCL §51-13-1; SL 1969, ch 11, §12.1; SL 1979, ch 325; SL 1981, ch 346, §64; SL 1988, ch 377, §156; SL 1990, ch 383, §1; SDCL §51-26-1; SL 2012, ch 252, §22.
Structure South Dakota Codified Laws
Chapter 14 - Reorganization Of Banks
Section 51A-14-1 - Merger or consolidation of banks.
Section 51A-14-2 - Purchase of assets and assumption of liabilities.
Section 51A-14-3 - Conversion from state bank to national bank.
Section 51A-14-5 - Liquidation procedures in the event of reorganization.
Section 51A-14-6 - Emergency takeover.
Section 51A-14-7 - Valuation of dissident shareholders' stock.