(1) The Director of the Department of Consumer and Business Services may institute such actions or other lawful proceedings as the director may consider necessary for the enforcement of this chapter or any rule, order or action adopted, issued or taken by the director pursuant to law.
(2) If the director, from any information available to the director, finds that an association has either overstated its assets or understated its liabilities, the director may order the association to establish specific reserves equal in amount to the overstatement of true assets or the understatement of true liabilities. Such specific reserves shall be carried as liabilities. [1975 c.582 §126]
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