Dividends not permitted from required capital.

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. Creation Of Trust Companies
  5. Dividends not permitted from required capital.

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51A-6A-27. Dividends not permitted from required capital.

A trust company may not permit to be withdrawn, in the form of dividends, any portion of its capital required under §§51A-6A-19 and 51A-6A-19.1.

Source: SL 1995, ch 268, §25; SL 2015, ch 240, §6; SL 2019, ch 205, §4.


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