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Financial Institutions Act | |
Acquisition of Failing Depository Institutions or Holding Companies | |
Section 3 | Waiver of procedures. |
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7-19-3. Waiver of procedures. The commissioner may waive any of the procedures of Section 7-1-705 or any regulation of the department if he considers it necessary to protect the interest of depositors, creditors, and other customers of a failing or failed depository institution or failing or failed depository institution holding company in a supervisory merger or a supervisory acquisition.
Amended by Chapter 1, 1986 General Session |
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