At such time or times as he or she may think proper, the Commissioner may require such scrip corporation to redeem in lawful currency the scrip issued by it. Such order may require such scrip to be redeemed all at one time or part only at one time, and in such manner as the Commissioner may direct, until all of such scrip presented for payment has been redeemed. No holder of scrip shall have an action for the collection thereof against the scrip corporation except to enforce rights established by such order.