Section 51A-15-6 - Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safedeposit rental. - South-dakota Statutes

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51A-15-6. Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental. The approval of an application for voluntary liquidation shall not impair any right of a depositor or creditor to payment in full and all lawful claims of creditors and depositors shall promptly be paid. The unearned portion of the rental of a safe deposit box shall be returned to the lessee.

Source: SL 1969, ch 11, § 13.2 (5); SL 1970, ch 265, § 62; SDCL, § 51-27-6.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-15 > Statute-51a-15-6

51A-15-6. Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental. The approval of an application for voluntary liquidation shall not impair any right of a depositor or creditor to payment in full and all lawful claims of creditors and depositors shall promptly be paid. The unearned portion of the rental of a safe deposit box shall be returned to the lessee.

Source: SL 1969, ch 11, § 13.2 (5); SL 1970, ch 265, § 62; SDCL, § 51-27-6.

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State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-15 > Statute-51a-15-6

51A-15-6. Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental. The approval of an application for voluntary liquidation shall not impair any right of a depositor or creditor to payment in full and all lawful claims of creditors and depositors shall promptly be paid. The unearned portion of the rental of a safe deposit box shall be returned to the lessee.

Source: SL 1969, ch 11, § 13.2 (5); SL 1970, ch 265, § 62; SDCL, § 51-27-6.