TITLE 19
Financial Institutions

CHAPTER 19-11
Conservatorship

SECTION 19-11-8


§ 19-11-8. Withdrawal of deposits and claims.

During the period of the continuance of any conservatorship provided for, the director, or the director's designee, may require the conservator to set aside and make available for withdrawal, and permit withdrawal by depositors and other creditors, any amounts or proportions of their respective deposits or claims as the director, or the director's designee, may order and direct. The director, or the director's designee, may authorize the conservator in any case to receive and permit withdrawals of new deposits, subject to any rules, regulations, limitations, and dispositions as the director, or the director's designee, shall prescribe.

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