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Duty of a receiver, except Receiver may deposit or place debts and assets of the institution in non-speculative investments Immediate gathering and taking charge of

  1. Duty of a receiver, except
  • Receiver may deposit or place debts and assets of the institution in non-speculative investments
  • Immediate gathering and taking charge of all the debts and other liabilities of the institution and administering them for the benefit of depositors.
  • Determination Whether the institution should undergo rehabilitation or otherwise
  • Exercise the general powers of a receiver under revised rules of court and the general banking act.

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