51A-15-20. Postponement of limitation periods on director's taking actions.
When the director has caused the suspension and taken possession of a bank, there shall be a postponement until six months after the commencement of such possession actions of the date upon which any period of limitation fixed by a statute or agreement would otherwise expire on a claim or right of action of the bank, or upon which an appeal must be taken or a pleading or other document must be filed by the bank in any pending action or proceeding.
Source: SL 1969, ch 11, §13.6 (3); SL 1988, ch 377, §167; SDCL, §51-27-13.