Statutes > South Dakota Statutes > Title 51A - BANKS AND BANKING > Chapter 15 - Suspension And Liquidation Of Banks > Section 51A-15-4 - Resignation of fiduciary positions and settlement of accounts on voluntaryliquidation.

Section 51A-15-4 - Resignation of fiduciary positions and settlement of accounts on voluntaryliquidation.

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.