Section 51A-15-29 - Modification of reorganization plan or liquidation of bank--Grounds and noticerequirements. - South Dakota Statutes

51A-15-29. Modification of reorganization plan or liquidation of bank--Grounds and notice requirements. Whenever in the course of reorganization supervening conditions render a plan of reorganization unfair or its execution impractical, the director may modify the plan or liquidate the bank. Any such action shall be taken by order upon reasonable notice.

Source: SL 1969, ch 11, § 13.12; SL 1970, ch 265, § 68; SDCL, § 51-27-21.