Whenever it shall deem it necessary in order to conserve the assets of any bank for the benefit of the depositors and other creditors thereof the Board may appoint a conservator for any bank and require of him such bond and security as the Board deems proper.
HISTORY: 1962 Code Section 8-282; 1952 Code Section 8-282; 1942 Code Section 7829-7; 1936 (39) 1484.
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