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.
Resignation of fiduciary positions and settlement of accounts on voluntary liquidation
SDCL § 51A-15-4 — under SUSPENSION AND LIQUIDATION OF BANKS.
SDCL § 51A-15-4