17-5603.   Grant of approvals; consultation with federal savings and loaninsurance corporation.In granting any of the approvals referred to in the following sectionsof this act, the commissioner shall consult the federal savings and loaninsurance corporation, if the association affected by any such approval isan insured institution. The commissioner shall endeavor to obtain theapproval, formally or informally, of said corporation. The commissionermay, in his discretion, withhold any approval referred to in this act ifsaid corporation withholds its approval.

      History:   L. 1943, ch. 133, § 153; July 1.