Sec. 186.227. ASSETS DISCOVERED AFTER CLOSE OF RECEIVERSHIP. (a) The banking commissioner shall report to the court discovery of an asset having value that: (1) the banking commissioner discovers after the receivership was closed by final order of the court; and (2) was abandoned as worthless or unknown during receivership. (b) The court may reopen the receivership proceeding for continued liquidation if the value of the after-discovered assets justifies the reopening. (c) If the banking commissioner suspects that the information concerning after-disclosed assets may have been intentionally or fraudulently concealed, the banking commissioner shall notify appropriate civil and criminal authorities to determine any applicable penalties.
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