Statutes > South Dakota Statutes > Title 51A - BANKS AND BANKING > Chapter 15 - Suspension And Liquidation Of Banks > Section 51A-15-27 - Expenses of director paid from assets.

Section 51A-15-27 - 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.