9-1908.   Title to all assets to vest in insurance corporation.Whenever the federal deposit insurance corporation, or its successor,shall accept the appointment as receiver or liquidator for any bank thepossession of and title to all of the assets, business, and property ofevery kind, including real estate, of such bank shall pass to and vest insuch insurance corporation as receiver or liquidator without the executionof any instruments of assignment, endorsement, transfer or conveyance.

      History:   L. 1947, ch. 102, § 116; L. 1989, ch. 48, § 51; July 1.