Merger or consolidation of banks.

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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.


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