As soon after commencement of liquidation by the director or receiver as practicable, he shall proceed as in § 51A-15-3 relating to voluntary liquidation by banks, except that no notice need be sent relating to fiduciary accounts as therein mentioned. Source: SL 1969, ch 11 , § 13.17; SL 1988, ch 377 , § 176; SDCL, § 51-27-26.
Notice of liquidation by director or receiver
SDCL § 51A-15-34 — under SUSPENSION AND LIQUIDATION OF BANKS.
SDCL § 51A-15-34