Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647
Section 6:383 - Transfer of title to bank assets; extension of prescriptive periodsA. Upon confirmation of a conservator, title to all assets of the bank shall vest in the conservator without the execution of any instruments of conveyance, assignment, transfer, or endorsement.B. Notwithstanding any other laws to the contrary, the prescriptive period shall be extended for a period of six months on all causes of action accruing to the conservator pursuant to Subsection A.Acts 1984, No. 719, §1, eff. Jan. 1, 1985.Acts 1984, No. 719, §1, eff. 1/1/1985.