626 – Judgments Recovered Shall Not Be Liens.
§ 626. Judgments recovered shall not be liens. A lien shall not attach to any of the property or assets of any banking organization by reason of the entry of any judgment recovered against such banking organization after the superintendent has taken possession of its property and business and so long as such possession continues.
627 – Dividends to Creditors; Distributions to Stockholders; Dissolution; Destruction of Documents.
§ 627. Dividends to creditors; distributions to stockholders; dissolution; destruction of documents. 1. At any time after the date fixed by the superintendent for the presentation of claims, the superintendent may, upon an order of the supreme court, declare and pay out of the funds remaining in his or her hands after the payment of […]
613 – Payment by Superintendent of Expenses of Liquidation.
§ 613. Payment by superintendent of expenses of liquidation. The superintendent shall pay out of the funds in his hands of any banking organization of which he is in possession, all expenses of liquidation, subject to the approval of the supreme court in the judicial district in which the principal office of such banking organization […]
614 – Obtaining Possession of Pleadings, Et Cetera, in Actions Against Which Attorneys’ Liens Are Asserted.
§ 614. Obtaining possession of pleadings, et cetera, in actions against which attorneys’ liens are asserted. When the superintendent is in possession of any banking organization, and attorneys’ liens are asserted by attorneys of such banking organization against any causes of action to which such banking organization is a party, or against pleadings or other […]
615 – On Taking Possession, Superintendent Shall Notify Those Holding Assets; Effect of Notification; Turnover of Assets and Payment of Debts Owed to the Ba
§ 615. On taking possession, superintendent shall notify those holding assets; effect of notification; turnover of assets and payment of debts owed to the banking organization. When the superintendent shall take possession of the property and business of any banking organization: 1. The superintendent shall forthwith give notice of such fact to all corporations, unincorporated […]
616 – Inventory of Assets; Where Filed.
§ 616. Inventory of assets; where filed. After the superintendent shall have taken possession of and shall have determined to liquidate the property and business of any banking organization, he shall make in duplicate an inventory of the assets of such banking organization. He shall file one copy of such inventory in his office and […]
617 – Disposition of Property Held as Bailee, or Depositary; Opening of Safe Deposit Boxes; Disposal of Contents.
§ 617. Disposition of property held as bailee, or depositary; opening of safe deposit boxes; disposal of contents. 1. The superintendent may, after he has taken possession of any banking organization, cause to be mailed to each person claiming to be, or appearing upon the books of such banking organization to be (1) the owner […]
618 – Liquidation and Conservation of Assets; Compromising Debts and Claims; Deposit of Moneys Collected; Preference; Superintendent, as Liquidator, Authori
§ 618. Liquidation and conservation of assets; compromising debts and claims; deposit of moneys collected; preference; superintendent, as liquidator, authorized to borrow on and pledge assets of banks. 1. (a) The superintendent is authorized, upon taking possession of any banking organization, to liquidate the affairs thereof and to do all acts and to make such […]
618-A – Repudiation of Contracts.
§ 618-a. Repudiation of contracts. 1. Except as otherwise provided in this section, when the superintendent has taken possession of the business and property in this state of a banking organization, unless the federal regulator or insurer is appointed as receiver or liquidator, the superintendent may assume or repudiate any contract, including an unexpired lease, […]
619 – Prosecution and Defense of Actions; Actions Preferred; Limitations; Power to Execute Instruments; Exemption From Filing and Other Fees.
§ 619. Prosecution and defense of actions; actions preferred; limitations; power to execute instruments; exemption from filing and other fees. 1. (a) For the purpose of executing any of the powers and performing any of the duties hereby conferred upon him, the superintendent may, in the name of any banking organization of which he is […]