§ 19-12-16. Appeals.
Any order or judgment of the court having jurisdiction of any receivership proceeding
under this chapter that provides for a payment to employees and depositors that have
priority under § 19-12-7(a)(2), (a)(3) and/or (a)(4) or a transfer of assets of the financial institution or credit
union for a consideration that includes the payment or assumption of some or all of
the liabilities of the financial institution or credit union to the employees or depositors
shall be final and binding and not subject to reversal on appeal unless, prior to
the consummation of the transfer, the court that entered the judgment shall, on motion
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§ 19-12-16. Appeals.
Any order or judgment of the court having jurisdiction of any receivership proceeding
under this chapter that provides for a payment to employees and depositors that have
priority under § 19-12-7(a)(2), (a)(3) and/or (a)(4) or a transfer of assets of the financial institution or credit
union for a consideration that includes the payment or assumption of some or all of
the liabilities of the financial institution or credit union to the employees or depositors
shall be final and binding and not subject to reversal on appeal unless, prior to
the consummation of the transfer, the court that entered the judgment shall, on motion
of an aggrieved party in interest, grant a stay pending appeal conditioned upon the
appellant filing a supersedeas bond in the full amount of the loss the employees and
depositors may sustain in the event the order or judgment is upheld on appeal or the
supreme court shall, after the motion has been denied by the superior court and prior
to the consummation of the payment or transfer, grant a stay pending appeal conditioned
upon the appellant filing a similarly conditioned supersedeas bond.