6-395.14. Voidable transactions
A transaction that occurs within six months of the date on which the superintendent takes possession of a bank is voidable by the receiver if the transaction has the effect of enabling a creditor, affiliate, officer, director, stockholder or employee, or a relative of any of those persons, to obtain a preference over any other creditor of the bank.
Section: Previous 6-395.07 6-395.08 6-395.09 6-395.10 6-395.11 6-395.12 6-395.13 6-395.14 6-395.15 6-401 6-402 6-403 6-404 6-405 6-405.01 NextLast modified: October 13, 2016