81-12-173 - Right to act to avoid loss. - Mississippi Statutes

§ 81-12-173. Right to act to avoid loss.
 

An association, with the approval of the commissioner, may operate a business, manage or deal in property, or take any other action over whatever period of time may reasonably be necessary to avoid loss on a loan or investment theretofore made or an obligation created in good faith. 
 

Sources: Laws,  1977, ch. 445, § 52; reenacted, 1982, ch. 301, § 87; Laws, 1990 Ex Sess, ch. 52, § 88; Laws, 1993, ch. 441, § 88; Laws, 1994, ch. 622, § 120; reenacted without change, Laws,  1997, ch. 496, § 85; reenacted without change, Laws, 2001, ch. 488, § 87, eff from and after July 1, 2001.