9-1910. Surrender control to commissioner.
9-1910
9-1910. Surrender control to commissioner.The board of directors of any bank or trust company may place itsaffairs and assets under the control of the commissioner by posting anotice in the following forms on its front door: "This bank is in the handsof the state bank commissioner." The posting of such notice or the takingpossession and custody of any bank or trust company by the commissionershall be sufficient to place all its assets and property of whatever naturein the possession of the commissioner, and shall operate as a bar to anyattachment proceedings.
History: L. 1947, ch. 102, § 118; June 30.