51A-14-2.Purchase of assets and assumption of liabilities.A bank may purchase the assets and assume the liabilities of another state bank, national bank or savings and loan association organized pursuant to 12 U.S. C. §1464 as amended as of January 1, 1990. The provisions of §§51A-2-16 and 51A-3-7 to 51A-3-12, inclusive, govern such applications. Source: SL 1981, ch 346, §65; SDCL §51-26-4; SL 1988, ch 377, §159; SL 1990, ch 383, §2; SDCL §51-26-1.1; SL 2012, ch 252, §23.
South Dakota Legal Code