The right of any agency of the United States insuring deposits of a bank in liquidation, to be subrogated to the rights of depositors upon payment of their claim shall not be less extensive than the law of the United States requires as a condition of the authority to issue such insurance or make such payment.
S.D. Codified Laws § 51A-15-33
Subrogation rights of Federal Deposit Insurance Corporation in liquidation of bank
Source: SL 1969, ch 11, § 13.16; SDCL, § 51-27-25.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.