Upon taking possession of any State trust company, the Commissioner shall execute
and file a bond payable to this State for the benefit of creditors, clients, and shareholders
of the State trust company, with some surety company as surety thereon, with the clerk
of the superior court of the county in which the action is pending, conditioned upon
the faithful performance of all duties imposed upon the Commissioner under the provisions
of this Subpart with respect to the State trust company, the penal sum of the bond
to be fixed by order of the Commissioner, which in no case shall be less than two
hundred fifty thousand dollars ($250,000). Any person interested, by motion in the pending action, shall be heard by the resident
or presiding judge of the superior court as to the sufficiency of the bond. The judge hearing the motion may fix the bond.
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