(A) Upon the appointment of a conservator, the superintendent of financial institutions
shall file a certified copy of the certificate of appointment in the office of the
secretary of state, and thereafter no person shall obtain a lien or charge upon any
assets of the state bank for any payment, advance, clearance, or liability thereafter
made or incurred, nor shall the directors, officers, or agents of the bank thereafter
have authority to act on behalf of the bank or to convey, transfer, assign, pledge,
mortgage, or encumber any of the bank's assets.
(B) The filing of the certificate of appointment in accordance with this section shall
not be a condition to either the superintendent's taking possession of the property
and business of a state bank or appointing a conservator for a state bank.
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