Suspension And Liquidation Of Banks

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. Suspension And Liquidation Of Banks

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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.

Section
51A-15-45

Instruments affecting real estate executed on behalf of insolvent banks validated.