17-5818.Emergency closing of savings and loan associations;
definitions.
As used in this act, unless the context otherwise requires: (1)
"Commissioner" means the state savings and loan commissioner and any other
person lawfully exercising the powers of the state savings and loan
commissioner.
(2) "Officers" means the person or persons designated by the board of
directors of a savings and loan association to act for the association in
carrying out the provisions of this act or, in the absence of any such
designation or of the officer or officers so designated, the president or
any other officer currently in charge of the association.
(3) "Office" means any place at which a savings and loan association
transacts its business.
(4) "Emergency" means any condition or occurrence which may interfere
physically with the conduct of normal business operations at the offices of
a savings and loan association, or which poses an imminent or existing
threat to the safety or security of persons or property, or both. Without
limiting the generality of the foregoing, an emergency may arise as a
result of any one or more of the following: Fire; flood; earthquake;
hurricane; wind, rain or snow storm; labor strike by savings and loan
employees; power failure; transportation failure; interruption of
communication facilities; shortage of fuel, housing, food, transportation
or labor; theft, robbery or attempted theft or robbery; actual or
threatened enemy attack; epidemic or other catastrophe; riot, civil
disturbance and other acts of lawlessness or violence, actual or
threatened.
17-5818.Emergency closing of savings and loan associations;
definitions.
As used in this act, unless the context otherwise requires: (1)
"Commissioner" means the state savings and loan commissioner and any other
person lawfully exercising the powers of the state savings and loan
commissioner.
(2) "Officers" means the person or persons designated by the board of
directors of a savings and loan association to act for the association in
carrying out the provisions of this act or, in the absence of any such
designation or of the officer or officers so designated, the president or
any other officer currently in charge of the association.
(3) "Office" means any place at which a savings and loan association
transacts its business.
(4) "Emergency" means any condition or occurrence which may interfere
physically with the conduct of normal business operations at the offices of
a savings and loan association, or which poses an imminent or existing
threat to the safety or security of persons or property, or both. Without
limiting the generality of the foregoing, an emergency may arise as a
result of any one or more of the following: Fire; flood; earthquake;
hurricane; wind, rain or snow storm; labor strike by savings and loan
employees; power failure; transportation failure; interruption of
communication facilities; shortage of fuel, housing, food, transportation
or labor; theft, robbery or attempted theft or robbery; actual or
threatened enemy attack; epidemic or other catastrophe; riot, civil
disturbance and other acts of lawlessness or violence, actual or
threatened.
17-5818.Emergency closing of savings and loan associations;
definitions.
As used in this act, unless the context otherwise requires: (1)
"Commissioner" means the state savings and loan commissioner and any other
person lawfully exercising the powers of the state savings and loan
commissioner.
(2) "Officers" means the person or persons designated by the board of
directors of a savings and loan association to act for the association in
carrying out the provisions of this act or, in the absence of any such
designation or of the officer or officers so designated, the president or
any other officer currently in charge of the association.
(3) "Office" means any place at which a savings and loan association
transacts its business.
(4) "Emergency" means any condition or occurrence which may interfere
physically with the conduct of normal business operations at the offices of
a savings and loan association, or which poses an imminent or existing
threat to the safety or security of persons or property, or both. Without
limiting the generality of the foregoing, an emergency may arise as a
result of any one or more of the following: Fire; flood; earthquake;
hurricane; wind, rain or snow storm; labor strike by savings and loan
employees; power failure; transportation failure; interruption of
communication facilities; shortage of fuel, housing, food, transportation
or labor; theft, robbery or attempted theft or robbery; actual or
threatened enemy attack; epidemic or other catastrophe; riot, civil
disturbance and other acts of lawlessness or violence, actual or
threatened.