(a) The department shall, immediately after appointing a conservator, file with the principal court of a credit union a certificate to be known as a certificate of appointment.
(b) The certificate of appointment shall set forth the basis for the department's appointment of a conservator and state the name of the conservator.
(c) If the department does not appoint a conservator prior to the date of the filing of the certificate of appointment or it appoints a new or additional conservator, the department shall file a supplement to the certificate of appointment setting forth such facts.
(d) The certificate of appointment and any supplement will be listed in the judgment index in the name of the credit union as defendant and the department as plaintiff.
Section: 7-1-640 7-1-641 7-1-642 7-1-643 7-1-644 7-1-645 NextLast modified: October 14, 2016