§ 9-428. Right to act to avoid loss

Latest version.

With the written approval of the Division Director, a savings and loan association may operate a business, manage or deal in property, or take any other action over any period of time as determined by the Division Director that may be reasonably necessary to avoid loss on a loan or investment made or obligation created in good faith.

HISTORY: 1980, ch. 856; 1986, ch. 282.

                    
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