TITLE 19
Financial institutions

CHAPTER 19-11
Conservatorship

SECTION 19-11-7


§ 19-11-7 Penalties and liabilities.

The conservator and the conservator's assistants shall be subject to the same penalties and liabilities to which they would be liable if the conservator were the receiver of a financial institution or credit union appointed in judicial proceedings in this state, including penalties and liabilities now established and which may be established by law. The conservator's liability shall be limited to the assets of the financial institution or credit union except for fraud or malpractice by the conservator.

History of Section.
(P.L. 1995, ch. 82, § 49.)