South Dakota Codified Laws 51A-15-4. Resignation of fiduciary positions and settlement of accounts on voluntaryliquidation
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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.
Terms Used In South Dakota Codified Laws 51A-15-4
- Fiduciary: A trustee, executor, or administrator.
Source: SL 1969, ch 11, § 13.2 (3); SDCL, § 51-27-4.