17-5625. Appointment of receiver, liquidation.
17-5625
17-5625. Appointment of receiver, liquidation.
If the commissioner determines not to permit the association to resume
business or to reorganize within the periods above specified the
commissioner shall, upon the date of such determination, appoint a receiver
for such association for the purpose of liquidation. The receiver so
appointed shall give bond and shall be allowed such reasonable compensation
as the commissioner deems proper, such compensation to be subject to the
approval of the district court of the county in which such savings and loan
association is located.
History: L. 1943, ch. 133, § 178; July 1.