FEDERAL · 12 U.S.C. · Chapter 53
Directors not liable for acquiescing in appointment of receiver
Current through Pub. L. 119-102
The members of the board of directors (or body performing similar functions) of a covered financial company shall not be liable to the shareholders or creditors thereof for acquiescing in or consenting in good faith to the appointment of the Corporation as receiver for the covered financial company under section 5383 of this title.
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12 U.S.C. § 5387 (Directors not liable for acquiescing in appointment of receiver) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 5383
12 U.S.C. § 5383
Source Credit
History
(Pub. L. 111–203, title II, §207, July 21, 2010, 124 Stat. 1459.)
Editorial Notes
Statutory Notes and Related Subsidiaries
Effective Date
Section 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.
Effective Date
Section 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.