81-12-185 - Restrictions on appointment of conservator or receiver. - Mississippi Statutes

§ 81-12-185. Restrictions on appointment of conservator or receiver.
 

No appointment of a conservator shall be confirmed, and no receiver shall be appointed or private property seized, with respect to an association which is not in an impaired condition, unless the court finds that the alleged wrongdoing cannot be reasonably corrected as provided in this chapter or otherwise as provided by law without appointment of a conservator or receiver. 
 

Sources: Laws,  1977, ch. 445, § 57; reenacted, 1982, ch. 301, § 93; Laws, 1990 Ex Sess, ch. 52, § 96; Laws, 1993, ch. 441, § 97; Laws, 1994, ch. 622, § 129; reenacted without change, Laws,  1997, ch. 496, § 94; reenacted without change, Laws, 2001, ch. 488, § 96, eff from and after July 1, 2001.