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Publication Date

1937

Chapter

100

Session Type

Regular

Session Number

1

Document Type

Act

Start Page

353

Topics

Banks and Banking - Enter Into Contracts With United States

Keywords

Banks and Banking - Enter Into Contracts With United States

Relating to Banking and to Authorize Any Bank, Now or Hereafter Organized Under the Laws of This State or the Liquidator Thereof, to Enter into Such Contracts, Incur Such Obligations and Generally to Do Such Acts as May Be Appropriate or Necessary to Take Advantage of Any Rights or Privileges Which May, Be Available or Endure to Said Banking Institutions or Their Liquidators by Virtue of Any Act or Resolution of the Congress of the United States to Aid, Regulate or Safeguard Banking Institutions and Depositors, Including the Act Creating the Federal Deposit Insurance Corporation; To Authorize the Appointment of the Federal Deposit Insurance Corporation as Liquidator of Any Such Insured Closed Banking Institution, and to Authorize Said Corporation to Do Any and All Things Appropriate in the Sale or Acquirement of the Assets of Such Institutions and in the Liquidation of Same; To Recognize Right of Said Corporation to Make Examinations of an to Require Reports from Such Institutions, and the State Bank Commissioner to Accept Same in Lieu of Any Examination or Report Authorized to Be Made to Said Official; To Provide the Right for the Corporation, as Liquidator, to Enforce the Individual Liability of Stockholders and Directors Thereof and to Repeal All Acts or Parts of Acts in Conflict Herewith.

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