Section 1165.13. Period of conservatorship

Latest version.

During the period of the conservatorship, all of the following apply:
(A) The conservator may permit the savings bank to continue to conduct its usual business, including the acceptance of deposits.
(B) The obligations of the savings bank shall continue to bear interest at the rate contracted.
(C) The conservator shall make whatever reports to the superintendent of financial institutions the superintendent may from time to time require.

Added by 128th General AssemblyFile No.45, HB 292, §1, eff. 9/13/2010.

Effective Date: 10-23-1991

                    
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