Volume 739, Page 3117 View pdf image |
HARRY HUGHES, Governor 3117 As to subsection (a) of this section, the former In subsection (b)(2) of this section, the word "Board of Commissioners" and "savings and loan 9-703. OPERATION OF A SAVINGS AND LOAN ASSOCIATION BY A (A) DIRECTORS, OFFICERS, AND EMPLOYEES. IF A COURT APPOINTS A CONSERVATOR, EACH DIRECTOR, (B) EXISTING ACCOUNTS. THE COURT MAY ORDER THAT MEMBERS OF A SAVINGS AND LOAN (1) SHALL CONTINUE TO MAKE PAYMENTS IN (2) MAY WITHDRAW MONEY FROM THEIR SAVINGS (C) NEW ACCOUNTS AND DEPOSITS. THE CONSERVATOR MAY ACCEPT NEW ACCOUNTS AND ADDITIONS (1) MAY BE SEGREGATED; AND (2) IF PROVIDED BY ORDER OF THE COURT, MAY NOT (I) SUBJECT TO OFFSET; OR (II) USED TO LIQUIDATE ANY INDEBTEDNESS COMMITTEE COMMENT: This section replaces the first part |
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Volume 739, Page 3117 View pdf image |
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