12 U.S.C. § 5392
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.
12 U.S.C. § 5392
EDITORIAL NOTES
REFERENCES IN TEXTThis subchapter, referred to in subsecs. (a) and (b), was in the original "this title", meaning title II of Pub. L. 111-203, 124 Stat. 1442, which is classified principally to this subchapter. For complete classification of title II to the Code, see Tables.
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATESection effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111-203 set out as a note under section 5301 of this title.
- affiliate
- The term "affiliate" means any person that controls, is controlled by, or is under common control with another person.