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§ 7-1-220 - Definitions and Applicability
(a) As used in this part, the term: (1) "Pooled assets" means mortgages, securities, or other assets comprising any mortgage or securities pool operated...
§ 7-1-221 - Status of Department in Relation to Trust and Pooled Assets
(a) Upon taking possession of a financial institution, the department shall hold trust and pooled assets separate from the assets of the financial institution...
§ 7-1-222 - Jurisdiction of Court Over Trust and Pooled Assets
The principal court shall have exclusive jurisdiction over all matters concerning trust and pooled assets during the period that such assets are held by...
§ 7-1-223 - Substituted Trustee or Manager for Trust and Pooled Assets
(a) Upon determining to liquidate a financial institution or if it otherwise deems it advisable, the department shall: (1) With leave of court, transfer...
§ 7-1-224 - Transfers to Substituted Trustee or Manager Without Accounting
In the event that the department and a substituted trustee or manager agree as to the identity and amount of the trust or pooled...
§ 7-1-225 - Transfers to Substituted Trustee or Manager With Accounting; Deficiencies
Except as authorized by Code Section 7-1-224, the department shall, upon appointment of a substituted trustee or manager, file a full account with the...
Last modified: October 14, 2016