§ 30.46.030. Supervisory direction -- Appointment of representative to supervise -- Restrictions on operations
During the period of supervisory direction the director may appoint a representative to supervise such bank and may provide that the bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative.
(1) Dispose of, convey or encumber any of the assets;
(2) Withdraw any of its bank accounts;
(3) Lend any of its funds;
(4) Invest any of its funds;
(5) Transfer any of its property; or
(6) Incur any debt, obligation, or liability.
[1994 c 92 § 135; 1975 1st ex.s. c 87 § 3.]
Sections: Previous 30.46.010 30.46.020 30.46.030 30.46.040 30.46.050 30.46.060 30.46.070 30.46.080 30.46.090 30.46.100 NextLast modified: April 7, 2009