California § 8253. 8253. (Amended by Stats. 1990, Ch. 1118, Sec. 55.)

California Statutes

§ 8253. — 8253. (Amended by Stats. 1990, Ch. 1118, Sec. 55.)

California § 8253.

JurisdictionCalifornia

Code FINFinancial Code - FIN

Div. 2.DIVISION 2. SAVINGS ASSOCIATION LAW

Ch. 7.CHAPTER 7. Supervision

Art. 7.ARTICLE 7. Receivership

This text of California § 8253. (8253. (Amended by Stats. 1990, Ch. 1118, Sec. 55.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Financial Code - FIN Code § 8253. (2026).

Text

If the association is an institution insured by the Federal Deposit Insurance Corporation, the Federal Deposit Insurance Corporation shall be tendered appointment as receiver or coreceiver. If it accepts the appointment, it may, nevertheless, make loans on the security of or purchase at public or private sale any part or all of the assets of the association of which it is receiver or coreceiver, provided the loan or purchase is approved by the court.

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If the association is an institution insured by the Federal Deposit Insurance Corporation, the Federal Deposit Insurance Corporation shall be tendered appointment as receiver or coreceiver. If it accepts the appointment, it may, nevertheless, make loans on the security of or purchase at public or private sale any part or all of the assets of the association of which it is receiver or coreceiver, provided the loan or purchase is approved by the court.

Legislative History

Amended by Stats. 1990, Ch. 1118, Sec. 55.

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California § 8253., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/FIN/8253..