51A-15-29. Modification of reorganization plan or liquidation of bank--Grounds and notice requirements.
39 words·~1 min read·
/sd/title-51/chapter-51-15/51a-15-29·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever in the course of reorganization supervening conditions render a plan of reorganization unfair or its execution impractical, the director may modify the plan or liquidate the bank. Any such action shall be taken by order upon reasonable notice.