17-5642. Appeal of conservatorship or receivership matters; effect.
17-5642
17-5642. Appeal of conservatorship or receivership matters; effect.
If an association deems itself aggrieved by the action of the
commissioner in taking possession of its property, business and assets, for
the purposes of conservatorship or receivership, or any order issued by the
commissioner in connection with any conservatorship or receivership, it may
appeal from such action to the board. No action taken by a conservator or a
receiver while in office shall be invalidated by such appeal having been
filed or by any order of the board. The filing of such an appeal shall not
remove a conservator from the management of an association or a receiver
from possession of the property and assets of an association during the
pendency of such appeal.
History: L. 1943, ch. 133, § 195; July 1.