Guam § 146106 - Savings and Loan Commissioner.

§ 146106. Savings and Loan Commissioner.

The Commissioner shall have and may exercise the same

jurisdiction, authority and powers with respect to any business,

properties or assets retained by or delivered to the commissioner

pursuant to any plan as the commissioner shall have with respect to the

business, properties and assets of any association of which the

commissioner has taken possession; and the commissioner shall have and

may exercise the same jurisdiction, authority and powers with respect to

any association (excepting a Federal savings and loan association)

formed pursuant to any plan or by or to which any business, properties or

assets may be retained or returned or transferred pursuant to any plan

(excepting a Federal savings and loan association or an association

which, pursuant to the plan, is to cease being an association) as the

commissioner would have such association if it had been formed or had

acquired its business properties and assets by means other than a plan.

There shall be paid from the assets of the association directly

affected by a proposed plan under this chapter, all expenses incurred by

the commissioner in connection therewith; provided such expenses shall

be reasonable and proper.