§412:2-502  Solicitation of purchasers.  Ifthe court sustains the commissioner's determination that the financialinstitution is a failing financial institution, or if the institution has notcontested the determination and the time for petitioning the court has passed,the commissioner may solicit applications to merge with the failing financialinstitution or with its holding company, or to purchase all or part of theassets or assume all or part of the liabilities of the failing financialinstitution, or to purchase the capital stock of the failing financialinstitution or its holding company.  The solicitation may be by private letter,by personal contact, or by publication, as in the commissioner's discretion maybe appropriate in order to obtain as many fair offers as possible with theleast danger to the safety of the failing financial institution, its depositorsand creditors, and the general public.  The commissioner may discloseinformation concerning the failing financial institution as shall be necessaryfor the prospective applicants to formulate a proposal to purchase; providedthat the recipients of the information shall be required to keep theinformation confidential. [L 1993, c 350, pt of §1; am L 1994, c 107, §4]