Dividends not permitted from required capital

SDCL § 51A-6A-27, under CREATION OF TRUST COMPANIES.

SDCL § 51A-6A-27

A trust company may not permit to be withdrawn, in the form of dividends, any portion of its capital required under §§ 51A-6A-19 and 51A-6A-19.1 . Source: SL 1995, ch 268 , § 25; SL 2015, ch 240 , § 6; SL 2019, ch 205 , § 4.