§ 31.12.707. Completion of receivership -- Merger, purchase, or liquidation -- Secretary of state
Upon the completion of a receivership through merger, purchase of assets and assumption of liabilities, or liquidation, the director shall terminate the credit union's authority to conduct business and certify that fact to the secretary of state. Upon certification, the credit union shall cease to exist and the secretary of state shall note that fact upon his or her records.
[1997 c 397 § 81.]
Sections: Previous 31.12.684 31.12.687 31.12.691 31.12.694 31.12.697 31.12.701 31.12.704 31.12.707 31.12.711 31.12.714 31.12.717 31.12.721 31.12.724 31.12.728 31.12.850 NextLast modified: April 7, 2009