S.D. Codified Laws § 51A-6A-27

Current through the 2024 Legislative Session

Section 51A-6A-27 - Dividends not permitted from required capital

A trust company may not permit to be withdrawn, in the form of dividends, any portion of its capital required under §§ 51A-6A-19 and 51A-6A-19.1.

SDCL 51A-6A-27

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

Amended by S.L. 2019, ch. 205,s. 4, eff. 7/1/2019.

Amended by S.L. 2015, ch. 240,s. 6, eff. 7/1/2015.