17-5643

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

      17-5643.   Board may remove conservator or receiver.If the board shall disapprove the action of the commissioner inappointing a conservator or a receiver, it shall issue an order removingthe conservator or receiver. Upon the delivery of such order signed bythe chairman of the board to the commissioner, the commissioner shallissue an order redelivering the association to the board of directorsof the association then in office.

      History:   L. 1943, ch. 133, § 196; July 1.