Section 607. Manner and time within which taking possession may be tested  


Latest version.
  • At  any  time  within  ten  days  after  the  superintendent  has  taken
      possession of the property and business of any banking organization such
      banking  organization  may  apply  to  the supreme court in the judicial
      district in  which  its  principal  office  is  located,  for  an  order
      requiring the superintendent to show cause why he should not be enjoined
      from  continuing  such possession. The court may, upon good cause shown,
      direct the superintendent to refrain from  further  proceedings  and  to
      surrender such possession.