N.D. Cent. Code § 6-07.2-02
This is the official text of N.D. Cent. Code § 6-07.2-02, part of North Dakota’s Cent. Code — part of the compiled statutory law of North Dakota, published by the state as "Cent. Code." Browse the sections below, each linked to its official government source.
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6-07.2-02. When possession terminates
Official statutory text
6-07.2-02. When possession terminates
If the commissioner has taken possession of the business and property of an institution
under the provisions of section 6-07.2-01, the commissioner shall hold possession of the
business and property until the affairs of the institution have been finally liquidated as provided
in this chapter, unless the institution has undertaken the voluntary liquidation of the affairs of the
institution under this chapter, or either the federal deposit insurance corporation, or any
successor federal deposit insurance agency, or the national credit union association, or any
successor federal deposit insurance agency, has been appointed receiver.
If the commissioner has taken possession of the business and property of an institution
under the provisions of section 6-07.2-01, the commissioner shall hold possession of the
business and property until the affairs of the institution have been finally liquidated as provided
in this chapter, unless the institution has undertaken the voluntary liquidation of the affairs of the
institution under this chapter, or either the federal deposit insurance corporation, or any
successor federal deposit insurance agency, or the national credit union association, or any
successor federal deposit insurance agency, has been appointed receiver.
Status: in_force · Read it on the official government site
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