§412:2-300 Enforcement actions. In enforcing the provisions of this chapter, the commissioner is authorized to use the powers in this part without limitation to direct the discontinuance of any violation of law, or any unsafe or unsound practice that is likely to cause insolvency or substantial dissipation of assets or earnings of the institution. The provisions of this chapter may be enforced by informal or formal actions. Informal actions include board resolutions, letter agreements, records of action, memoranda of understanding, or supervisory agreements. Formal actions include cease and desist orders (whether temporary or permanent), removal orders, suspension and revocation orders, divestiture orders, and orders enforcing statutory provisions. Any person who is the subject of formal or informal enforcement action by the commissioner may consent to the entry of any formal order. [L 1993, c 350, pt of §1; am L 1998, c 196, §2]
Section: Previous 412-2-107 412-2-108 412-2-109 412-2-110 412-2-111 412-2-200 412-2-201 412-2-300 412-2-301 412-2-302 412-2-303 412-2-304 412-2-305 412-2-306 412-2-307 NextLast modified: October 27, 2016