Section 611. Special deputies; assistants; counsel and other employees  


Latest version.
  • The
      superintendent may, by certificate, under his hand and the official seal
      of the department, appoint one or more special deputy superintendents as
      agent or agents to assist him in liquidating the business and affairs of
      any banking organization in his possession.   The  superintendent  shall
      file  such  certificate  in  his office and shall cause a certified copy
      thereof to be filed with the supreme court in the judicial  district  in
      which  the  principal office of such banking organization is located. He
      may delegate such special deputy superintendents to perform such  duties
      connected   with   such   liquidation  as  he  may  deem  proper.    The
      superintendent may employ such counsel and  expert  assistants,  without
      being  subject  to the requirements of section one hundred twelve of the
      state finance law or to the prior approval of any  other  state  agency,
      under  such titles as he shall assign to them and may retain such of the
      officers or employees of  such  banking  organization  as  he  may  deem
      necessary  in  the  liquidation and distribution of its assets. He shall
      require such security  as  he  may  deem  proper  from  his  agents  and
      assistants appointed pursuant to the provisions of this section.