17-5625

Chapter 17.--CORPORATIONS
Article 56.--SAVINGS AND LOAN CODE; SUPERVISION

      17-5625.   Appointment of receiver, liquidation.If the commissioner determines not to permit the association to resumebusiness or to reorganize within the periods above specified thecommissioner shall, upon the date of such determination, appoint a receiverfor such association for the purpose of liquidation. The receiver soappointed shall give bond and shall be allowed such reasonable compensationas the commissioner deems proper, such compensation to be subject to theapproval of the district court of the county in which such savings and loanassociation is located.

      History:   L. 1943, ch. 133, § 178; July 1.