South Dakota Codified Laws > Title 51A > Chapter 14 – Reorganization of Banks


§ 51A-14-1	Merger or consolidation of banks
§ 51A-14-2	Purchase of assets and assumption of liabilities
§ 51A-14-3	Conversion from state bank to national bank
§ 51A-14-4	Conversion from national bank, federal savings association, or federal savings bankto state bank
§ 51A-14-5	Liquidation procedures in the event of reorganization
§ 51A-14-6	Emergency takeover
§ 51A-14-7	Valuation of dissident shareholders’ stock

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Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. ^{Source: OCC}
Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2