81-9-15 - Limitation on custodial period; approval of acts involving discretion or judgment.
§ 81-9-15. Limitation on custodial period; approval of acts involving discretion or judgment.
The period in which the state comptroller shall remain the custodian of banks closed as provided in Section 81-9-5 shall not exceed ninety days, and during such period all acts of the state comptroller involving discretion or judgment shall be approved by order of the chancellor, entered in the cause provided for in Section 81-9-9 in the same manner and to the same extent as if the state comptroller were a receiver.
Sources: Codes, 1942, § 5247; Laws, 1934, ch. 146.