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Chapter 6-07

Dissolution, Insolvency, Suspension, and Liquidation
Section Section Name
6-07-01 Application to court for voluntary dissolution ‑ Stockholder or officer cannot withdraw or transfer stock
6-07-02 Procedure on application for voluntary dissolution ‑ Appeal ‑ Notice to secretary of state and commissioner
6-07-03 Banks deemed insolvent
6-07-04 Property of insolvent bank exempt from attachment and execution ‑ Appointment of receiver postponed
6-07-04.1 Insolvent bank ‑ Order to show cause hearing ‑ Exception
6-07-04.2 Acquisition of an institution
6-07-05 Examiner may relinquish control of insolvent bank
6-07-06 Insolvent bank or officer receiving deposit ‑ Penalty
6-07-07 Insolvencies deemed fraudulent
6-07-08 Directors participating in fraudulent insolvency ‑ Penalty
6-07-09 Reopening bank without receivership on agreement of depositors
6-07-10 Bank may be placed in possession of board ‑ Notice ‑ Appointment of receiver
6-07-11 Appointment of administrative receiver
6-07-12 Commissioner to notify attorney general of insolvencies
6-07-13 Administrative receiver to furnish bond
6-07-14 Recourse of aggrieved bank ‑ Injunction in district court ‑ Appeal to supreme court
6-07-15 Powers of receiver
6-07-16 Receiver to notify claimants ‑ Publication ‑ Limitation of action on claims
6-07-17 Action on creditors' claims
6-07-18 Receiver to furnish financial statement to stockholders, depositors, and creditors
6-07-19 Dividends from receivership
6-07-20 Salary and expense of receiver ‑ Receiver may have more than one bank
6-07-21 Foreclosure of pledge when pledgor bank insolvent ‑ Contest of foreclosure order
6-07-22 Order of foreclosure ‑ Sale ‑ Report of sale to commissioner
6-07-23 Receiver may enjoin foreclosure of pledge by advertisement
6-07-24 Sheriff to hold property sold and proceeds of sale during redemption period
6-07-25 Redemption by receiver from sale on foreclosure of pledge
6-07-26 Redemption by depositors or creditors of insolvent pledgor bank from sale on pledge foreclosure
6-07-27 Title of redemptioner
6-07-28 Debtor may pay debt during foreclosure or redemption period
6-07-29 Report of sale to court ‑ Confirmation of sale ‑ Distribution of proceeds
6-07-30 Federal deposit insurance corporation may be receiver ‑ Powers ‑ Title to bank assets
6-07-31 Right of subrogation of federal deposit insurance corporation
6-07-32 Borrowing from federal deposit insurance corporation for liquidation ‑ Pledge or sale of assets
6-07-33 District judge for administrative bank receiverships
6-07-34 Action for appointment of judicial receiver ‑ Complaint ‑ Venue
6-07-35 Answer to complaint for appointment of judicial receiver
6-07-36 Appointment of judicial receiver by court
6-07-37 Judicial receiver supersedes administrative receiver ‑ Appointment of successor ‑ Powers
6-07-38 Closing of receiverships ‑ Sale of assets ‑ Notice
6-07-39 Reorganization and reopening of bank by depositors ‑ Agreement and plan ‑ Action by state banking board
6-07-40 Deposit creditors required to sign reorganization agreement ‑ Rights of nonsigners
6-07-41 Reorganization agreement and plan filed in court ‑ Notice of hearing ‑ Hearing ‑ Court order
6-07-42 Construction of provisions relating to reorganization by depositors
6-07-43 Review of decisions and orders of the district court
6-07-44 Expenses of court commissioner or district judge in charge of closed banks
6-07-45 Commissioner to take action for termination of individual receiverships
6-07-46 Disposition of unclaimed dividends or other moneys delivered to commissioner
6-07-47 Disposition of other moneys paid to the commissioner by receivers of insolvent banks
6-07-48 Fees and charges that may be made by commissioner
6-07-49 Investment of moneys in the hands of the commissioner
6-07-50 Additional compensation for commissioner and deputy ‑ Equipment and other expenses
6-07-51 Closed bank fund created
6-07-52 Priority of expenses and claims

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404 - Page Not Found | North Dakota Legislative Branch

404 - Page Not Found

 

 

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