17-5559.   Same; powers.The board of directors of the liquidating association shall also havepower to exchange or otherwise dispose of or to put in trust all, orsubstantially all, or any part of the assets, upon such terms andconditions and for such consideration, which may be money, stock, bonds,shares, or accounts of any association or of any federal savings and loanassociation, or other instruments for the payment of money, or otherproperty or other considerations, as the board of directors may deemreasonable or expedient, and may distribute such considerations or theproceeds thereof or trust receipts or certificates of beneficial interestamong the shareholders in proportion to their interest therein. In theabsence of fraud, any determination of value made by the board of directorsfor any such purpose shall be conclusive.

      History:   L. 1943, ch. 133, § 137; July 1.