Noncomplying banks - Supervision by commissioner

On failure of any cooperative bank organized under this chapter prior to March 22, 1937, to comply with the provisions of § 4-30-205 , it shall become the duty of the Bank Commissioner to take charge of the cooperative bank under the provisions of Acts 1931, No. 109, § 8 [repealed]. Acts 1921, No. 632, § 22 as added by Acts 1937, No. 287, § 1; Pope's Dig., § 2283; A.S.A. 1947, § 64-1522. On failure of any cooperative bank organized under this chapter prior to March 22, 1937, to comply with the provisions of § 4-30-205 , it shall become the duty of the Bank Commissioner to take charge of the cooperative bank under the provisions of Acts 1931, No. 109, § 8 [repealed]. Acts 1921, No. 632, § 22 as added by Acts 1937, No. 287, § 1; Pope's Dig., § 2283; A.S.A. 1947, § 64-1522.