71 Pa. Stat. § 733-16
Current through P.A. Acts 2023-32
Whenever, under the provisions of this act, the department takes possession of an institution or the secretary becomes receiver of an institution whose deposits or shares are insured by a public body of the United States, such public body may become receiver either by designation of the secretary or appointment by the court in which the certificate of possession is filed. As receiver, such public body shall have the same rights, powers and duties, either with respect to taking possession or acting as receiver, as are provided to the department or secretary under the provisions of this act.
71 P.S. § 733-16