The commissioner or board may close and liquidate a state trust company on finding
that the interests of its clients and creditors are jeopardized by the state trust
company's insolvency or imminent insolvency or that the best interests of clients
and creditors would be served by requiring that the state trust company be closed
and its assets liquidated. A majority of the state trust company's directors, managers, or managing participants
may voluntarily close the state trust company and place it with the commissioner for
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