S.D. Const. art. XVIII, § 2
- Constitution
- Constitution of South Dakota
- Text as of
- October 2026
What does this section say?
Bank to cease operations within twenty years of organization--Reorganization. Every bank, banking company or corporation shall be required to cease all banking operations within twenty years from the time of its organization, and promptly thereafter close its business, but shall have corporate capacity to sue or be sued until its business is fully closed, but the Legislature may provide by general law for the reorganization of such banks.
The text is copied from the official source: sdlegislature.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.