Resignation of fiduciary positions and settlement of accounts on voluntary liquidation.

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. Suspension And Liquidation Of Banks
  5. Resignation of fiduciary positions and settlement of accounts on voluntary liquidation.

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51A-15-4. Resignation of fiduciary positions and settlement of accounts on voluntary liquidation.

As soon after approval as may be practicable the bank shall resign all fiduciary positions and take such action as may be necessary to settle its fiduciary accounts.

Source: SL 1969, ch 11, §13.2 (3); SDCL, §51-27-4.


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