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Code · South Dakota · Title 51 · Chapter 51-15

51A-15-14. Notice of suspension and possession.

96 words·~1 min read·/sd/title-51/chapter-51-15/51a-15-14·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The director shall suspend the activities and take possession pursuant to § 51A-15-11 or 51A-15-21 by posting upon the premises a notice reciting that all activities shall be suspended and that the director is assuming possession pursuant to this chapter and the time, not earlier than the posting of the notice, when the director's possession is deemed to commence. The notice shall also be posted to the division's website. The director shall notify the appropriate federal reserve bank of an action to take possession of any bank which is a member of the federal reserve system.
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