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2016 Statute



Prev Article 19. - BANKING CODE; DISSOLUTION; INSOLVENCYNext


9-1920. Borrowing by liquidating bank. Upon the approval of the commissioner, the board of directors of any bank in the process of voluntary liquidation may borrow an amount not in excess of 100% of the bank's total deposit liabilities and may pledge the bank's assets.

History: L. 2015, ch. 38, § 6; July 1.



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2020. Powered by KLISS. Rendered: 2020-04-05T05:13:04. Head Rev No: 634174