South Dakota Codified Laws
Chapter 15 - Suspension And Liquidation Of Banks
Section 51A-15-23 - Proceedings exempt from open meetings and administrative procedure laws.

South Dakota Codified Laws

Title 51A - Banks and Banking

Chapter 15 - Suspension And Liquidation Of Banks

Section 51A-15-1 - Voluntary liquidation--Requirements for approval.

Section 51A-15-2 - Ceasing to do business and winding up affairs on voluntary liquidation.

Section 51A-15-3 - Notice of voluntary liquidation--Manner of publication--Contents.

Section 51A-15-4 - Resignation of fiduciary positions and settlement of accounts on voluntary liquidation.

Section 51A-15-5 - Disposition of safe deposit on voluntary liquidation.

Section 51A-15-6 - Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental.

Section 51A-15-7 - Distribution of assets after discharge of obligations on voluntary liquidation--Disposition of unclaimed distributions.

Section 51A-15-8 - Authority of director to take possession of bank in voluntary liquidation.

Section 51A-15-9 - Reports of progress in voluntary liquidation--Order and certificate of dissolution.

Section 51A-15-10 - Cancellation of voluntary liquidation.

Section 51A-15-11 - Director's authority to suspend activities and take possession of bank--Grounds.

Section 51A-15-12 - "Insolvent" defined.

Section 51A-15-13 - Receipt of deposits by insolvent bank unlawful--Felony.

Section 51A-15-14 - Notice of suspension and possession.

Section 51A-15-15 - Management and control powers of director in possession.

Section 51A-15-16 - Circuit court jurisdiction of proceedings--Venue.

Section 51A-15-17 - Change of venue.

Section 51A-15-18 - Director's appointment of Federal Deposit Insurance Corporation as receiver in liquidation proceedings.

Section 51A-15-19 - Powers of Federal Deposit Insurance Corporation as receiver in liquidation proceedings--Actions to recover money damages.

Section 51A-15-20 - Postponement of limitation periods on director's taking actions.

Section 51A-15-21 - Director's authority to take action in emergency without majority consent of commission.

Section 51A-15-22 - Applications to enjoin director from suspending activities and taking possession of bank.

Section 51A-15-23 - Proceedings exempt from open meetings and administrative procedure laws.

Section 51A-15-24 - Reorganization of bank by director--Distribution and effect of reorganization plan.

Section 51A-15-25 - Execution of lien on assets of bank in director's or receiver's possession prohibited--Powers of director.

Section 51A-15-26 - Borrowing money by director in possession.

Section 51A-15-27 - Expenses of director paid from assets.

Section 51A-15-28 - Requirements for adoption of reorganization plan.

Section 51A-15-29 - Modification of reorganization plan or liquidation of bank--Grounds and notice requirements.

Section 51A-15-30 - Limitations on powers of director or receiver in liquidating bank.

Section 51A-15-31 - Executory contracts of bank terminated after commencement of liquidation.

Section 51A-15-32 - Fiduciary positions of bank terminated after commencement of liquidation.

Section 51A-15-33 - Subrogation rights of Federal Deposit Insurance Corporation in liquidation of bank.

Section 51A-15-34 - Notice of liquidation by director or receiver.

Section 51A-15-35 - Disposition of safe deposit boxes in liquidation by director or receiver.

Section 51A-15-36 - Settlement of claims by director or receiver in liquidation proceedings.

Section 51A-15-37 - Objections to schedule of determinations in settlement of claims.

Section 51A-15-38 - Partial distributions to claim holders authorized--Final distribution.

Section 51A-15-39 - Priority of claims in liquidation proceedings.

Section 51A-15-40 - Payment of claims not filed within time prescribed.

Section 51A-15-41 - Prorata payment of claims authorized.

Section 51A-15-42 - Distribution of assets remaining after liquidation.

Section 51A-15-43 - Disposition of unclaimed funds after liquidation.

Section 51A-15-44 - Accounting by director or receivers after liquidation--Cancellation of charter--Order and certificate of dissolution.