§ 53-21. Sale of stocks of defunct banks validated.
§53‑21. Sale of stocks of defunct banks validated.
All private sales of stocks inresident corporations, joint stock companies and limited partnerships, madeprior to March 20, 1935, by the Commissioner of Banks or a duly appointed agentin the course of the liquidation of a defunct bank, where such sale was made byand with the approval of a liquidation board duly selected by the creditors andstockholders of such bank and upon authority of an order of the presiding orresident judge of the district in which the principal office of such bank waslocated, are hereby in all respects validated, ratified and confirmed. (1935,c. 113.)