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This entry was published on 2014-09-22
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SECTION 607
Manner and time within which taking possession may be tested
Banking (BNK) CHAPTER 2, ARTICLE 13
§ 607. Manner and time within which taking possession may be tested.
At any time within ten days after the superintendent has taken
possession of the property and business of any banking organization such
banking organization may apply to the supreme court in the judicial
district in which its principal office is located, for an order
requiring the superintendent to show cause why he should not be enjoined
from continuing such possession. The court may, upon good cause shown,
direct the superintendent to refrain from further proceedings and to
surrender such possession.