Section 11-103-807 - Enforcement of directors' liability

Among its other powers, the federal deposit insurance corporation, in the performance of its powers and duties as such liquidator, has the right and power, upon the order of a court of record of competent jurisdiction, to enforce the individual liability of the directors of any such banking institution.L. 2003: Entire article added with relocations, p. 1108, § 3, effective July 1.This section is similar to former § 11-5-107 as it existed prior to 2003.