Subrogation rights of Federal Deposit Insurance Corporation in liquidation of bank.

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51A-15-33. Subrogation rights of Federal Deposit Insurance Corporation in liquidation of bank.

The right of any agency of the United States insuring deposits of a bank in liquidation, to be subrogated to the rights of depositors upon payment of their claim shall not be less extensive than the law of the United States requires as a condition of the authority to issue such insurance or make such payment.

Source: SL 1969, ch 11, §13.16; SDCL, §51-27-25.


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