51A-15-10. Cancellation of voluntary liquidation.
A bank may, at any time prior to the director's cancellation of its charter, revoke its intention to voluntarily liquidate under §51A-15-1, if it receives approval of its action upon an affirmative vote of at least two-thirds of the voting shares of the bank. Written evidence of its intentions delivered to the director prior to cancellation are considered an effective revocation.
Source: SL 1988, ch 377, §164; SDCL, §51-27-9.1.