17:9A-299.Ā  Determination whether commissioner or agent shall wind up affairsWhen the commissioner has paid in full the claims of all persons, other thanĀ  stockholders, entitled to share in the distribution of the proceeds of the liquidation of the assets of a bank, other than a savings bank, the businessĀ  and property of which he has taken possession, and when the commissioner hasĀ  made disposition of unclaimed deposits and liquidating dividends and ofĀ  unclaimed property as in this article provided and when, after all expenses ofĀ  administration have been paid, there shall remain any assets of the bank to beĀ  liquidated, the commissioner shall call and preside over a meeting ofĀ  stockholders to determine whether he shall continue as liquidator to wind upĀ  the affairs of the bank, or whether an agent or agents shall be elected by theĀ  stockholders for that purpose.Ā  At least twenty days notice of such a meetingĀ  shall be given by mail directed to each stockholder at his address as itĀ  appears on the bank's records.

L.1948,c.67,s.299.
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