§ 11-109-801 — Appeals procedure

Any trust company aggrieved and directly
affected by an order or rule of the banking board, issued under this article, may
seek a review in the district court of this state in and for the county in which the
trust company is located, within thirty days after receipt of written notice of the
issuance of such order or rule. The filing of such a petition for review shall not, of
itself, stay enforcement of an order or rule, but the court, upon a finding that
irreparable injury would otherwise result, may order a stay upon such terms as it
deems proper. The court may affirm the order of the banking board or may direct
said banking board to take any action deemed proper. No person shall be subjected
to any civil or criminal liability for any act or omission made in good faith reliance
upon a then existing order or rule of the banking board, notwithstanding a
subsequent decision by a court invalidating the order or rule.

Legislative History

Source: L. 2003: Entire article added with relocations, p. 1202, � 3, effective July 1.