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HB 1364, 65th Regular Session
Authorizing the Savings and Loan Commissioner to issue cease and desist orders and removal of directors and officer orders in certain instances, providing for the enforcement of such orders by judicial action; defining words, terms and phrases used in this Act; defining the circumstances and conditions under which a receiver of an association may be appointed; providing for voluntary supervisory control of an association; autorizing reorganization, merger and consolidation of associations; requiring the Comissioner to report associations to whom cease and desist or removal orders have been issued to the members of the Savins and Loan Section of the finance Commission; providing that "Permanent Reserve Fund" stock of associations shall herafter be called "capital" stock; providing for severability.
Last action: Referred to subcommittee
Author: Robert Maloney
Financial--Savings & Loans
House Committee: Financial Institutions ()
April 6 1977
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