Miss. Code § 81-12-173

Current through 6/1/2024

Section 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.

Miss. Code § 81-12-173

Laws, 1977, ch. 445, § 52; reenacted, Laws, 1982, ch. 301, § 87; Laws, 1990 Ex Sess, ch. 52, § 88; Laws, 1993, ch. 441, § 88; Laws, 1994, ch. 622, § 120; reenacted without change, Laws, 1997, ch. 496, § 85; reenacted without change, Laws, 2001, ch. 488, § 87, eff. 7/1/2001.