§ 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

Terms Used In South Dakota Codified Laws > Title 51A > Chapter 14 - Reorganization of Banks

  • 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