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Section 51A-15-1 - Voluntary liquidation--Requirements for approval. - 51A-15-1. Voluntary liquidation--Requirements for approval. Any bank may file an...
Section 51A-15-2 - Ceasing to do business and winding up affairs on voluntary liquidation. - 51A-15-2. Ceasing to do business and winding up affairs on...
Section 51A-15-3 - Notice of voluntary liquidation--Manner of publication--Contents. - 51A-15-3. Notice of voluntary liquidation--Manner of publication--Contents. Within thirty days...
Section 51A-15-4 - Resignation of fiduciary positions and settlement of accounts on voluntary liquidation. - 51A-15-4. Resignation of fiduciary positions and settlement of accounts on...
Section 51A-15-5 - Disposition of safe deposit on voluntary liquidation. - 51A-15-5. Disposition of safe deposit on voluntary liquidation. The contents...
Section 51A-15-6 - Depositor's or creditor's rights not impaired by voluntary liquidation--Return of safe deposit rental. - 51A-15-6. Depositor's or creditor's rights not impaired by voluntary liquidation--Return...
Section 51A-15-7 - Distribution of assets after discharge of obligations on voluntary liquidation--Disposition of unclaimed distributions. - 51A-15-7. Distribution of assets after discharge of obligations on voluntary...
Section 51A-15-8 - Authority of director to take possession of bank in voluntary liquidation. - 51A-15-8. Authority of director to take possession of bank in...
Section 51A-15-9 - Reports of progress in voluntary liquidation--Order and certificate of dissolution. - 51A-15-9. Reports of progress in voluntary liquidation--Order and certificate of...
Section 51A-15-10 - Cancellation of voluntary liquidation. - 51A-15-10. Cancellation of voluntary liquidation. A bank may, at any...
Section 51A-15-11 - Director's authority to suspend activities and take possession of bank--Grounds. - 51A-15-11. Director's authority to suspend activities and take possession of...
Section 51A-15-12 - "Insolvent" defined. - 51A-15-12."Insolvent" defined. "Insolvent" means incapable of meeting the demands of...
Section 51A-15-13 - Receipt of deposits by insolvent bank unlawful--Felony. - 51A-15-13. Receipt of deposits by insolvent bank unlawful--Felony. No bank...
Section 51A-15-14 - Notice of suspension and possession. - 51A-15-14. Notice of suspension and possession. The director shall suspend...
Section 51A-15-15 - Management and control powers of director in possession. - 51A-15-15. Management and control powers of director in possession. When...
Section 51A-15-16 - Circuit court jurisdiction of proceedings--Venue. - 51A-15-16. Circuit court jurisdiction of proceedings--Venue. The circuit court shall...
Section 51A-15-17 - Change of venue. - 51A-15-17. Change of venue. At any time after the commencement...
Section 51A-15-18 - Director's appointment of Federal Deposit Insurance Corporation as receiver in liquidation proceedings. - 51A-15-18. Director's appointment of Federal Deposit Insurance Corporation as receiver...
Section 51A-15-19 - Powers of Federal Deposit Insurance Corporation as receiver in liquidation proceedings--Actions to recover money damages. - 51A-15-19. Powers of Federal Deposit Insurance Corporation as receiver in...
Section 51A-15-20 - Postponement of limitation periods on director's taking actions. - 51A-15-20. Postponement of limitation periods on director's taking actions. When...
Section 51A-15-21 - Director's authority to take action in emergency without majority consent of commission. - 51A-15-21. Director's authority to take action in emergency without majority...
Section 51A-15-22 - Applications to enjoin director from suspending activities and taking possession of bank. - 51A-15-22. Applications to enjoin director from suspending activities and taking...
Section 51A-15-23 - Proceedings exempt from open meetings and administrative procedure laws. - 51A-15-23. Proceedings exempt from open meetings and administrative procedure laws....
Section 51A-15-24 - Reorganization of bank by director--Distribution and effect of reorganization plan. - 51A-15-24. Reorganization of bank by director--Distribution and effect of reorganization...
Section 51A-15-25 - Execution of lien on assets of bank in director's or receiver's possession prohibited--Powers of director. - 51A-15-25. Execution of lien on assets of bank in director's...
Section 51A-15-26 - Borrowing money by director in possession. - 51A-15-26. Borrowing money by director in possession. With the approval...
Section 51A-15-27 - Expenses of director paid from assets. - 51A-15-27. Expenses of director paid from assets. All necessary and...
Section 51A-15-28 - Requirements for adoption of reorganization plan. - 51A-15-28. Requirements for adoption of reorganization plan. No plan of...
Section 51A-15-29 - Modification of reorganization plan or liquidation of bank--Grounds and notice requirements. - 51A-15-29. Modification of reorganization plan or liquidation of bank--Grounds and...
Section 51A-15-30 - Limitations on powers of director or receiver in liquidating bank. - 51A-15-30. Limitations on powers of director or receiver in liquidating...
Section 51A-15-31 - Executory contracts of bank terminated after commencement of liquidation. - 51A-15-31. Executory contracts of bank terminated after commencement of liquidation....
Section 51A-15-32 - Fiduciary positions of bank terminated after commencement of liquidation. - 51A-15-32. Fiduciary positions of bank terminated after commencement of liquidation....
Section 51A-15-33 - Subrogation rights of Federal Deposit Insurance Corporation in liquidation of bank. - 51A-15-33. Subrogation rights of Federal Deposit Insurance Corporation in liquidation...
Section 51A-15-34 - Notice of liquidation by director or receiver. - 51A-15-34. Notice of liquidation by director or receiver. As soon...
Section 51A-15-35 - Disposition of safe deposit boxes in liquidation by director or receiver. - 51A-15-35. Disposition of safe deposit boxes in liquidation by director...
Section 51A-15-36 - Settlement of claims by director or receiver in liquidation proceedings. - 51A-15-36. Settlement of claims by director or receiver in liquidation...
Section 51A-15-37 - Objections to schedule of determinations in settlement of claims. - 51A-15-37. Objections to schedule of determinations in settlement of claims....
Section 51A-15-38 - Partial distributions to claim holders authorized--Final distribution. - 51A-15-38. Partial distributions to claim holders authorized--Final distribution. After filing...
Section 51A-15-39 - Priority of claims in liquidation proceedings. - 51A-15-39. Priority of claims in liquidation proceedings. The following claims...
Section 51A-15-40 - Payment of claims not filed within time prescribed. - 51A-15-40. Payment of claims not filed within time prescribed. After...
Section 51A-15-41 - Prorata payment of claims authorized. - 51A-15-41. Prorata payment of claims authorized. If the sum available...
Section 51A-15-42 - Distribution of assets remaining after liquidation. - 51A-15-42. Distribution of assets remaining after liquidation. When the director...
Section 51A-15-43 - Disposition of unclaimed funds after liquidation. - 51A-15-43. Disposition of unclaimed funds after liquidation. Unclaimed funds remaining...
Section 51A-15-44 - Accounting by director or receivers after liquidation--Cancellation of charter--Order and certificate of dissolution. - 51A-15-44. Accounting by director or receivers after liquidation--Cancellation of charter--Order...