Section 1125.13 | Conduct of business during conservatorship.
Effective:
January 1, 2018
Latest Legislation:
House Bill 49 - 132nd General Assembly
During the period of the conservatorship, all of the following apply:
(A) The conservator may permit the state bank to continue to conduct its usual business, including the acceptance of deposits.
(B) The obligations of the state bank shall continue to bear interest at the rate contracted.
(C) The conservator shall make whatever reports to the superintendent of financial institutions the superintendent may from time to time require.
Available Versions of this Section
- January 1, 1997 – House Bill 538 - 121st General Assembly [ View January 1, 1997 Version ]
- January 1, 2018 – Amended by House Bill 49 - 132nd General Assembly [ View January 1, 2018 Version ]