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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
- 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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