Expenses of director paid from assets.

1. Law
2. South Dakota Codified Laws
3. Banks and Banking
4. Suspension And Liquidation Of Banks
5. Expenses of director paid from assets.

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

All necessary and reasonable expenses of the director's suspension and taking possession of a bank and of its reorganization or liquidation shall be paid from the assets thereof.

Source: SL 1911, ch 256, §15; SL 1915, ch 102, art 1, §14; SL 1917, ch 140, §4; RC 1919, §8930; SL 1925, ch 93, §2; SDC 1939, §6.0619; SL 1941, ch 18; SDCL, §51-14-51; SL 1969, ch 11, §13.10; SL 1970, ch 265, §67; SL 1988, ch 377, §171; SDCL, §51-27-19.

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