Title 51A — BANKS AND BANKING

A bank authorized under this title may merge or consolidate with another state bank, national bank or savings and loan association organized pursuant to 12 U.S.C. § 1464 as amended as of January 1, 1990. The provisions of §§ 51A-2-16 and 51A-3-7 to 51A-3-12 , inclusive, govern ap…

A bank may purchase the assets and assume the liabilities of another state bank, national bank or savings and loan association organized pursuant to 12 U.S.C. § 1464 as amended as of January 1, 1990. The provisions of §§ 51A-2-16 and 51A-3-7 to 51A-3-12 , inclusive, govern such a…

Any bank may make application for reorganization as a national bank under the laws of the United States. The bank shall forward to the director a copy of a resolution of the board of directors to convert to a national bank. In the event such bank secures a certificate from the co…

Any national bank, federal savings association, or federal savings bank that desires to take the necessary steps to effect dissolution as a national bank, a federal savings association or a federal savings bank with the federal regulatory authority having jurisdiction may make ap…

If a bank has been merged or consolidated with another bank or the bank's assets have been purchased and the bank's liabilities assumed by another bank, in any instance other than an emergency, within thirty days thereafter, the directors of the bank shall institute proceedings t…

If the director, pursuant to § 51A-15-21 , or if the commission deems it necessary that a state bank, national bank, or savings and loan association organized pursuant to 12 U.S.C. § 1464 as amended as of January 1, 1990, be merged, consolidated, or its assets purchased and its l…

The provisions of §§ 47-1A-1107 to 47-1A-1107.4 , inclusive, and §§ 47-1A-1302 to 47-1A-1331.2 , inclusive, apply when establishing the valuation of shares of bank stock owned by dissident shareholders. Source: SL 1984, ch 317 ; SL 1988, ch 377 , § 162; SDCL, § 51-26-7; SL 2005, …