Section 9
SEC. 9. If, in accordance with section sixteen hundred and thirty-nine of the Revised Administrative Code, the Bank Commissioner shall find that, instead of liquidating an insolvent bank now existing, it would be more beneficial to its creditors to permit the said bank to resume its operations through the segregation of the excess of its non-preferred liabilities over its assets less the amount of preferred liabilities, and the conversion of said excess into pro rata credits of deferred payment burdening future net profits, the Bank Commissioner may so order. In such case, the deferred liabilities shall not encumber the assets of the bank, but the net profits of the bank shall be devoted, after covering the dividend requirements on any outstanding preferred shares, to the payment of the said deferred liabilities until the same have been paid in full. If creditors of a bank representing twenty-five per centum or more of the bank's liabilities, claim that the order of the Bank Commissioner is arbitrary and prejudicial to the creditors in general, or is null or erroneous for any other reason, ther same may, within ten days after the bank has been notified of the order of the Commissioner, institute an action in the Supreme Court to annul or modify the same, and the said court shall have original jurisdiction to hear and determine the case, to appoint a Commissioner to recieve the evidence, shall shorten and simplify the proceeding, and shall cause the entry of its final judgement of the same to be made within thirty days after the case has been submitted for decision.