South Dakota § 15-2-19 - Actions against bank directors, shareholders, agents, or employees.
Full text of South Dakota South Dakota Codified Laws § 15-2-19 — Actions against bank directors, shareholders, agents, or employees., with citation guidance and answers to common questions.
§ 15-2-19. Actions against bank directors, shareholders, agents, or employees.
No action may be brought against a director, shareholder, or an agent or employee of a bank or bank holding company, for any error, mistake, or omission, whether based on contract or tort, unless it is commenced within three years of the occurrence of the alleged error, mistake, or omission. For purposes of this section the term, bank, or, bank holding company, includes state banks as defined in Title 51A, national banks organized pursuant to 12 U.S.C. § 21 as amended as of January 1, 2008, and federal savings associations organized pursuant to 12 U. S.C. § 1464 as amended as of January 1, 2008.
Source: SDC 1939 & Supp 1960, § 33.0212; SL 2008, ch 252, § 45.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 15-2-19
What does South Dakota Codified Laws § 15-2-19 cover?
Section 15-2-19 ("Actions against bank directors, shareholders, agents, or employees.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 15-2-19?
A common citation format is "South Dakota Codified Laws § 15-2-19" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 15-2-19 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.