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12 U.S.C. · Banks and Banking
12 U.S.C. § 5392

Prohibition of circumvention and prevention of conflicts of interest

Ch. 53 — WALL STREET REFORM AND CONSUMER PROTECTION
Title 12 U.S.C. ● ACTIVE Primary Source Ch. 53
Statutory Text

12 U.S.C. § 5392 — Prohibition of circumvention and prevention of conflicts of interest

U.S.C. Title 12 - BANKS AND BANKING 12 U.S.C. United States Code, 2023 Edition Title 12 - BANKS AND BANKING CHAPTER 53 - WALL STREET REFORM AND CONSUMER PROTECTION SUBCHAPTER II - ORDERLY LIQUIDATION AUTHORITY Sec. 5392 - Prohibition of circumvention and prevention of conflicts of interest From the U.S. Government Publishing Office, www.gpo.gov

§5392. Prohibition of circumvention and prevention of conflicts of interest

(a) No other funding Funds for the orderly liquidation of any covered financial company under this subchapter shall only be provided as specified under this subchapter. (b) Limit on governmental actions No governmental entity may take any action to circumvent the purposes of this subchapter. (c) Conflict of interest 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.

(Pub. L. 111–203, title II, §212, July 21, 2010, 124 Stat. 1516.)

Editorial Notes

References in Text This subchapter, referred to in subsecs. (a) and (b), was in the original "this title", meaning title II of Pub. L. 111–203, July 21, 2010, 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 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.

Source: uscode.house.gov — public domain Official Source ↗
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12 U.S.C. § 5392
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The statutory text of 12 U.S.C. § 5392 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 12 U.S.C. § 5391 12 U.S.C. § 5393 →
Ch. 53 — WALL STREET REFORM AND CONSUMER PROTECTION
12 U.S.C. § 530112 U.S.C. § 530212 U.S.C. § 530312 U.S.C. § 531112 U.S.C. § 532112 U.S.C. § 532212 U.S.C. § 532312 U.S.C. § 532412 U.S.C. § 532512 U.S.C. § 532612 U.S.C. § 532712 U.S.C. § 532812 U.S.C. § 532912 U.S.C. § 533012 U.S.C. § 533112 U.S.C. § 533212 U.S.C. § 533312 U.S.C. § 533412 U.S.C. § 533512 U.S.C. § 534112 U.S.C. § 534212 U.S.C. § 534312 U.S.C. § 534412 U.S.C. § 534512 U.S.C. § 534612 U.S.C. § 536112 U.S.C. § 536212 U.S.C. § 536312 U.S.C. § 536412 U.S.C. § 5365
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