SD · constitutions
S.D. Const. art. XVIII, § 2
Bank to cease operations within twenty years of organization--Reorganization
Every bank, banking company or corporation shall be required to cease all banking operations within twenty years from the time of its organization, and promptly thereafter close its business, but shall have corporate capacity to sue or be sued until its business is fully closed, but the Legislature may provide by general law for the reorganization of such banks.
Provenance
- Source
- sdlegislature.gov
- Retrieved
- 2026-09-24
- Edition
- 2026-09-24
- Content hash
cb22a1e4d697de86b0f43ccf8ee2689ecc398be8c9c7afb06216bad3f047b693
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