51A-15-20. Postponement of limitation periods on director's taking actions.
82 words·~1 min read·
/sd/title-51/chapter-51-15/51a-15-20·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When the director has caused the suspension and taken possession of a bank, there shall be a postponement until six months after the commencement of such possession actions of the date upon which any period of limitation fixed by a statute or agreement would otherwise expire on a claim or right of action of the bank, or upon which an appeal must be taken or a pleading or other document must be filed by the bank in any pending action or proceeding.