2009 North Carolina Code
Chapter 53 - Banks.
§ 53-158. Naming of conservator not liquidation.
§ 53‑158. Naming of conservator not liquidation.
No power conferred in this Article upon the Commissioner of Banks, when exercised, shall be deemed an act of possession for the purposes of liquidation; and whenever the Commissioner of Banks shall, with reference to any bank for which a conservator is appointed, deem that liquidation is necessary, he shall exercise the powers for the purposes of liquidation as provided in G.S. 53‑20 as amended. (1933, c. 155, s. 11.)
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