Section 30A.46.030 - Supervisory direction-Appointment of representative to supervise-Restrictions on operationsDuring the period of supervisory direction the director may appoint a representative to supervise such bank and may provide that the bank may not do any of the following during the period of supervisory direction, without the prior approval of the director or the appointed representative:
(1) Dispose of, convey, or encumber any of the assets, excluding trust assets under management;(2) Withdraw any of its bank accounts;(3) Lend any of its funds;(4) Invest any of its funds;(5) Transfer any of its property; or(6) Incur any debt, obligation, or liability.Amended by 2014 c 37,§ 246, eff. 1/5/2015.Recodified from 30.46.030 by 2014 c 37,§ 4, eff. 1/5/2015.Amended by 2013 c 76,§ 15, eff. 7/28/2013.1994 c 92 § 135; 1975 1st ex.s. c 87 § 3.