1. The superintendent may, without prior notice or hearings, order a state bank to cease to carry on its business whenever the superintendent determines that: a. The state bank has violated itsarticles of incorporation or any law of this state. b. The capital of the state bank is impaired. c. The state bank is conducting itsbusiness in an unsafe or unsound manner. d. The state bank isinsolvent or isotherwise in such condition that it isunsound, unsafe, or inexpedient for itto transact business. e. The state bank has suspended or refused payment of its deposits or other liabilities contrary to the terms thereof, or the superintendent determines the state bank is unlikely to be able to pay itsdeposits or other liabilitiesin the near future. f. The state bank refuses to make its records available to the superintendent for examination or otherwise refuses to make available, through an officer or employee having knowledge thereof, information required by the superintendent for the proper discharge of the duties of the superintendent’s office. g. The state bank neglects or refuses to observe any order of the superintendent made pursuant to the provisions of this chapter, unless the enforcement of such order is stayed in a proceeding brought by the state bank. h. The state bank has not transacted any business or performed any of the duties, contemplated by itsauthorization to do business, for a period of thirty days. 2. Upon ordering a state bank to cease to carry on itsbusiness, the superintendent shall immediately appoint the federal deposit insurance corporation as receiver pursuant to section 524.1310.
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