Board discretion changed to permit discretionary action under amended Depositories Act provision, replacing a mandatory duty with permissive power. The amendment to the Depositories Act updates the operative clause by adding an additional cross reference and replacing language that compelled the Board to act with permissive language, changing the statutory command from the Board shall to the Board may and thereby converting a mandatory duty into a discretionary power.
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Provisions expressly mentioned in the judgment/order text.
Board discretion changed to permit discretionary action under amended Depositories Act provision, replacing a mandatory duty with permissive power.
The amendment to the Depositories Act updates the operative clause by adding an additional cross reference and replacing language that compelled the Board to act with permissive language, changing the statutory command from the Board shall to the Board may and thereby converting a mandatory duty into a discretionary power.
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