9-1910. Surrender control to commissioner.
9-1910
9-1910. Surrender control to commissioner. The board of directors of any bank or trust company may place its affairs and assets under the control of the commissioner by posting a notice in the following forms on its front door: "This bank is in the hands of the state bank commissioner." The posting of such notice or the taking possession and custody of any bank or trust company by the commissioner shall be sufficient to place all its assets and property of whatever nature in the possession of the commissioner, and shall operate as a bar to any attachment proceedings.
History: L. 1947, ch. 102, § 118; June 30.