280.052  Order of suspension or disqualification; procedure.--

(1)  The suspension or disqualification of a bank or savings association as a qualified public depository must be by order of the Treasurer and must be mailed to the qualified public depository by registered or certified mail.

(2)  The Treasurer shall notify, by first-class mail, all public depositors that have complied with s. 280.17 of any such disqualification or suspension.

(3)  The procedures for suspension or disqualification shall be as set forth in chapter 120 and in the rules of the Treasurer adopted pursuant to this section.

(4)  Whenever the Treasurer determines that an immediate danger to the public health, safety, or welfare exists, the Treasurer may take any appropriate action available to her or him under the provisions of chapter 120.