Modification of reorganization plan or liquidation of bank--Grounds and notice requirements

Whenever in the course of reorganization supervening conditions render a plan of reorganization unfair or its execution impractical, the director may modify the plan or liquidate the bank. Any such action shall be taken by order upon reasonable notice. Source: SL 1969, ch 11 , § 13.12; SL 1970, ch 265 , § 68; SDCL, § 51-27-21.