Once the Bank from Portland try abolished, we

Once the Bank from Portland try abolished, we

We really do not concur that new terms of Section twenty six, supra, was broken of the process followed closely by the new Administrator. That it section will bring whenever the Panel finds out that the effective and you will less costly success of the purposes of so it part might be aided by the such as step, and in conformity that have such as for example regulations, regulations, and you will instructions because the Panel can get suggest, «any Government Home loan Financial could be liquidated or reorganized, and its stock paid back and retired entirely or even in part from inside the commitment therewith shortly after * * * and make provision on payment of their liabilities. * * * [and] another Government Mortgage Lender will get, with the approval of your own panel, and acquire possessions of any particularly liquidated otherwise reorganized bank and you may guess liabilities thereof, in whole or even in region.»

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