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S.D. Const. art. XVIII, § 1 General Banking Law--Provisions Required
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If a general banking law shall be enacted it shall provide for the registry and countersigning by an officer of this state of all bills or paper credit designed to circulate as money, and require security to the full amount thereof, to be deposited with the state treasurer, in th…
S.D. Const. art. XVIII, § 2 Bank to Cease Operations within Twenty Years of Organization--Reorganization
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Every bank, banking company or corporation shall be required to cease all banking operations within twenty years from the time of its organization, and promptly thereafter close its business, but shall have corporate capacity to sue or be sued until its business is fully closed, …
S.D. Const. art. XVIII, § 3 Liability of Banking Corporation Shareholders and Stockholders--Exemption under Federal Law
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The shareholders or stockholders of any banking corporation shall be held individually responsible and liable for all contracts, debts and engagements of such corporation to the extent of the amount of their stock therein, at the par value thereof, in addition to the amount inves…