51A-3-23. Extension of charter.Within one year prior to the expiration of the period for which it was incorporated a bank may, with the approval of at least a majority of the capital stock of such corporation, extend its corporate existence for an additional period, not to exceed twenty years, by amending its articles of incorporation as provided in §51A-3-22. Source: SL 1903, ch 80, §§1 to 3; RC 1919, §8964; SDC 1939, §6.0308; SL 1941, ch 16; SDCL, §51-3-10; SL 1969, ch 11, §3.20; SL 1972, ch 254; SL 1980, ch 332, §1; SDCL, §51-17-22.
South Dakota Legal Code