ARTICLE 7. Receivership [8250. - 8254.]

Heading of Article 7 renumbered from Article 6 by Stats. 1984, Ch. 287, Sec. 42.

§§ 8250–8254 · 5 sections

• § 8250 (a) If the commissioner finds that any association (1) is in an impaired condition, (2) is engaging in practices that threaten to result in an impaired…
• § 8251 (a) In the case of an insured association, the appointment by the commissioner of a receiver under this article shall constitute an official determination of a…
• § 8252 If the commissioner or a department employee is appointed receiver, no additional compensation shall be paid, but if another person is appointed, then the…
• § 8253 If the association is an institution insured by the Federal Deposit Insurance Corporation, the Federal Deposit Insurance Corporation shall be tendered…
• § 8254 Whenever a receiver has taken possession of the property and business of any association pursuant to this article, that association, within 10 days after the…