Sec. 186.201. ACTION TO CLOSE STATE TRUST COMPANY. (a) The banking commissioner may by written order close and liquidate a state trust company on finding that: (1) the interests of its clients and creditors are jeopardized by the state trust company's insolvency or imminent insolvency; and (2) the best interests of clients and creditors would be served by requiring that the state trust company be closed and its assets liquidated. (b) 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 banking commissioner for liquidation.
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