Nebraska Revised Statutes Chapter 8. Banks and Banking § 8-339. Involuntary liquidation; duty of Department of Banking and Finance

If the Department of Banking and Finance after having called a meeting of the shareholders as herein provided, shall find that the association cannot be reorganized or that voluntary liquidation by the shareholders cannot be had or consummated, the department shall take charge of such building and loan association and proceed to liquidate such association in the manner provided for the liquidation of insolvent banks.