2025 Session Last amended: 1986 session

§ 46.30 — Hearings, Decision; Review, Modification, Termination or Stay of Orders

Plain-Language Summary

Governs voluntary dissolution of financial institutions, establishing the process for an institution to wind down its affairs and surrender its charter.

Practical Notes
A financial institution can choose to close its doors, but must follow an orderly process that protects depositors and creditors. Commissioner approval is required.