Whenever it shall deem it necessary in order to conserve the assets of any bank for the benefit of the depositors and other creditors thereof the Board may appoint a conservator for any bank and require of him such bond and security as the Board deems proper.

HISTORY: 1962 Code SECTION 8-282; 1952 Code SECTION 8-282; 1942 Code SECTION 7829-7; 1936 (39) 1484.