12 U.S.C. § 5392 — Prohibition of circumvention and prevention of conflicts of interest
submitted 16 years ago by Pub. L. 111-203 to r/title-12-BANKS-AND-BANKING · 112 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
Funds for the orderly liquidation of any covered financial company* under this subchapter shall only be provided as specified under this subchapter.
No governmental entity may take any action to circumvent the purposes of this subchapter.
In the event that the Corporation is appointed receiver for more than 1 covered financial company* or is appointed receiver for a covered financial company* and receiver for any insured depository institution that is an affiliate* of such covered financial company, the Corporation shall take appropriate action, as necessary to avoid any conflicts of interest that may arise in connection with multiple receiverships.
Source credit: (Pub. L. 111–203, title II, § 212, July 21, 2010, 124 Stat. 1516.)
- 2010Enacted · Pub. L. 111-203 · 124 Stat. 1516
A history note hasn’t been published yet. The record shows enactment by Pub. L. 111-203 on 2010-07-21.
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