Taking charge of business and assets by department; notice of departmental actions

Sec. 7. The department shall do the following: (1) Immediately take charge of the business and assets of the savings bank. (2) Give notice of: (A) the department's orders directing the liquidation and dissolution of the savings bank; and (B) the appointment of the department's special representative; by posting copies of the orders in a conspicuous place in the lobby of the savings bank and by one (1) publication of the notice in a newspaper of general circulation, printed in the English language and published in the county where the savings bank is located. The department shall also file a copy of its order appointing a special representative in the court in which the order was filed under section 5 of this chapter. As added by P.L.42-1993, SEC.72.