17-5561

Chapter 17.--CORPORATIONS
Article 55.--SAVINGS AND LOAN CODE; POWERS

      17-5561.   Same; final report and accounting; discharge of directors.Upon completion of liquidation, the board of directors shall file withthe commissioner a final report and accounting of such liquidation. Theapproval of such report by the commissioner shall operate as a complete andfinal discharge of the board of directors or any member thereof inconnection with the liquidation of such association.

      History:   L. 1943, ch. 133, § 139; July 1.