12 CFR 9.16

§ 9.16 Receivership or voluntary liquidation of bank.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 9.16, § 9.16 Receivership or voluntary liquidation of bank, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43045
Permanent ID: ys:prov:43045@1
SHA-256: 8b91e0ed8ca3fc02a638ee80bae044bd26fd945b90681f0325e8cf8dbe341119

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Full text

If the OCC appoints a receiver for an uninsured national bank, or if a national bank places itself in voluntary liquidation, the receiver or liquidating agent shall promptly close or transfer to a substitute fiduciary all fiduciary accounts, in accordance with OCC instructions and the orders of the court having jurisdiction.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.