Part 5. Dissolution, Closing, and Liquidation
Back Up One Level in Table of Contents
32-1-501. Dissolution and disincorporation.
32-1-502. Grounds for closing bank.
32-1-503. Bank insolvent when.
32-1-504. Deposits in insolvent bank.
32-1-505. Penalty for receiving deposits when insolvent or for making false statements.
32-1-506. Assessment on capital stock to make good impairment.
32-1-507. Power of closed banks to borrow money from governmental agencies.
32-1-508. Corporate existence -- ceases when.
32-1-509. Taxes on banks which have ceased to do business.
32-1-510. Penalty for maliciously declaring bank insolvent.
32-1-511. Bank may be placed in department's possession.
32-1-512. Effect of posting notice.
32-1-513. Taking possession of bank -- notice.
32-1-514. Resumption after closing.
32-1-515. Powers of department on closing bank -- court proceedings.
32-1-516. Recourse of aggrieved bank -- injunction.
32-1-517. Department may retain bank employees -- liquidating agent's salary and expenses.
32-1-518. Compensation of agents and attorneys.
32-1-519. through 32-1-530 reserved.
32-1-531. Notice to creditors of insolvent bank.
32-1-532. Claims -- allowance and rejection.
32-1-533. Payment of claims.
32-1-534. Claims -- order of payment -- priorities.
32-1-535. Claims -- partial payments -- assignments.
32-1-536. Deposit of funds in department's hands.
32-1-537. Disposition of unclaimed funds.
32-1-538. Disposition of assets remaining after payment of claims.
32-1-539. through 32-1-550 reserved.
32-1-551. Liquidating officer's powers and duties.
32-1-552. Further duties of liquidating officer.
32-1-553. Department to file inventory -- report required -- exception.
32-1-554. through 32-1-560 reserved.
32-1-561. Definitions.
32-1-562. Power of department.
32-1-563. Powers of officers.
32-1-564. Notice of bank closing.
32-1-565. Effect of closing.