§ 13-6-405 — Banking commissioner to be appointed receiver; assistants; bonding requirements

The state banking commissioner shall be appointed the receiver
for any savings and loan association. No fee shall be allowed
the state banking commissioner as the receiver, but he may
appoint, upon the approval of the court, persons to assist him
in any receivership proceedings as may be required. The
compensation or fees of persons appointed by the state banking
commissioner shall be fixed by the court and shall be paid,
together with all other costs and expenses of the receivership,
out of the assets of the association. The state banking
commissioner may require each of the persons appointed to
execute to him a bond as he may deem necessary. The state
banking commissioner may designate the federal deposit insurance
corporation to act without bond as receiver or liquidator of any
savings and loan association whose assets are insured by the
corporation and which has been closed for the purpose of
liquidation.