South Dakota Codified Laws 51A-6A-27. Dividends not permitted from required capital

Current as of: 2023 | Check for updates | Other versions

A trust company may not permit to be withdrawn, in the form of dividends, any portion of its capital required under §§ 51A-6A-19 and 51A-6A-19.1.

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Source: SL 1995, ch 268, § 25; SL 2015, ch 240, § 6; SL 2019, ch 205, § 4.