# S.D. Codified Laws § 51A-15-9: Reports of progress in voluntary liquidation--Order and certificate of dissolution

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-9

## Section

- **Citation:** S.D. Codified Laws § 51A-15-9
- **Heading:** Reports of progress in voluntary liquidation--Order and certificate of dissolution
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 51A / Chapter 15 / Section 51A-15-9

## Text

The director may require reports of the progress of a bank engaged in voluntary liquidation and whenever he is satisfied that the liquidation has been properly completed he shall cancel the charter and enter an order of dissolution. The filing of a certified copy of such order with the secretary of state shall be deemed authority for the issuance of a certificate of dissolution.

Source: SL 1969, ch 11, § 13.4; SL 1970, ch 265, § 64; SDCL, § 51-27-9; SL 2005, ch 202, § 19.

## Nearby sections

- [S.D. Codified Laws § 51A-15-1 Voluntary liquidation--Requirements for approval](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-1.md)
- [S.D. Codified Laws § 51A-15-2 Ceasing to do business and winding up affairs on voluntary liquidation](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-2.md)
- [S.D. Codified Laws § 51A-15-3 Notice of voluntary liquidation--Manner of publication--Contents](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-3.md)
- [S.D. Codified Laws § 51A-15-4 Resignation of fiduciary positions and settlement of accounts on voluntary liquidation](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-4.md)
- [S.D. Codified Laws § 51A-15-5 Disposition of safe deposit on voluntary liquidation](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-5.md)
- [S.D. Codified Laws § 51A-15-6 Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-6.md)
- [S.D. Codified Laws § 51A-15-7 Distribution of assets after discharge of obligations on voluntary liquidation--Disposition of unclaimed distributions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-7.md)
- [S.D. Codified Laws § 51A-15-8 Authority of director to take possession of bank in voluntary liquidation](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-8.md)
- [S.D. Codified Laws § 51A-15-9 Reports of progress in voluntary liquidation--Order and certificate of dissolution](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-9.md)
- [S.D. Codified Laws § 51A-15-10 Cancellation of voluntary liquidation](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-10.md)
- [S.D. Codified Laws § 51A-15-11 Director's authority to suspend activities and take possession of bank--Grounds](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-11.md)
- [S.D. Codified Laws § 51A-15-12 "Insolvent" defined](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-12.md)
- [S.D. Codified Laws § 51A-15-13 Receipt of deposits by insolvent bank unlawful--Felony](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-13.md)
- [S.D. Codified Laws § 51A-15-14 Notice of suspension and possession](https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T51A_C15_S51A-15-9. Check the current official text before relying on it. Not legal advice.