SEC. 81-12-173. Right to act to avoid loss.

An association, with the approval of the commissioner, may operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment theretofore made or an obligation created in good faith.

SOURCES: Laws, 1977, ch. 445, Sec. 52; reenacted, 1982, ch. 301, Sec. 87; 1990 Ex Sess, ch. 52, Sec. 88; 1993, ch. 441, Sec. 88; 1994, ch. 622, Sec. 120, eff from and after July 1, 1994.

1997 Amendment:

Reenacted

SOURCE: 1997 Laws, Chapter 496, Sec. 85, HB390, Effective July 1, 1997.