No appointment of a conservator shall be confirmed, and no receiver shall be appointed or private property seized, with respect to an association which is not in an impaired condition, unless the court finds that the alleged wrongdoing cannot be reasonably corrected as provided in this chapter or otherwise as provided by law without appointment of a conservator or receiver.
Miss. Code Ann. § 81-12-185
Restrictions on appointment of conservator or receiver
Known as the Savings Association Law
The act spans §§ 81-12-1 to 81-12-99 (121 sections).
Laws, 1977, ch. 445, § 57; reenacted, Laws, 1982, ch. 301, § 93; Laws, 1990 Ex Sess, ch. 52, § 96; Laws, 1993, ch. 441, § 97; Laws, 1994, ch. 622, § 129; reenacted without chang…
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.