Section 51A-6-15 - Application for substitution for affiliated bank in fiduciary capacity--Joinder bybanks--Ex parte. - South Dakota Statutes

51A-6-15. Application for substitution for affiliated bank in fiduciary capacity--Joinder by banks--Ex parte. Upon any trust company's being duly authorized to commence the business for which it is organized, such trust company may file an application in the circuit court in which its main office is located requesting that it be substituted, except as may be expressly excluded in such application, in every fiduciary capacity for any affiliated bank specified in the application, and such specified affiliated bank shall join in such application. Such application may be made ex parte and need not list the fiduciary capacities in which substitution is made.

Source: SL 1976, ch 304, § 9; SL 1988, ch 377, § 122; SDCL, § 51-19A-15.