For the purposes of this chapter an insured depository institution shall be deemed to have been closed on account of inability to meet the demands of its depositors in any case in which it has been closed for the purpose of liquidation without adequate provision being made for payment of its depositors.

← Deposit insurance Appointment of Corporation as conservator or receiver →

in view

Whole section

▸rulespec code

Shown source

statutes/12/1821.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1821; no dedicated encoding exists for this exact provision yet.

View on GitHub

loading…

us/statute/12/1821/b — Liquidation as closing of depository institution · Axiom

Axiom
US Federal
Statutes
Title 12
§ 1821
(b)

Liquidation as closing of depository institution

Official source

← Deposit insurance Appointment of Corporation as conservator or receiver →

in view

Whole section

▸rulespec code

Shown source

statutes/12/1821.yaml

Displaying the canonical repository encoding.

This encoding covers the parent provision us/statute/12/1821; no dedicated encoding exists for this exact provision yet.

View on GitHub