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12 U.S.C. § 205

Termination of conservatorship

United States · Title 12 — BANKS AND BANKING · Status: effective

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12 U.S.C. § 205, Termination of conservatorship, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/437198
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At any time the Comptroller 11 So in original. Probably should be “Comptroller of the Currency”. becomes satisfied that it may safely be done and that it would be in the public interest, the Comptroller (with the agreement of the Board of Directors of the Federal Deposit Insurance Corporation when the Corporation has been appointed conservator) may— The Comptroller also may terminate the conservatorship upon the appointment of a receiver pursuant to section 191 of this title. Such terms, conditions, and limitations as may be prescribed under subsection (a)(1) shall be enforceable under the provisions of section 8(i) of the Federal Deposit Insurance Act [12 U.S.C. 1818(i)], to the same extent as an order issued pursuant to section 8(b) of the Federal Deposit Insurance Act [12 U.S.C. 1818(b)] which has become final. The bank may bring an action in the United States district court for the judicial district in which the home office of such bank is located or in the United States District Court for the District of Columbia for an order requiring the Comptroller to terminate the order. An action for judicial review of the terms, conditions, and limitations may not be commenced later than 20 days from the date of the termination of the conservatorship or the imposition of the order, whichever is later. Upon termination of the conservatorship under subsection (a)(2), the Federal Deposit Insurance Corporation, as conservator, or when another person is appointed conservator, such other person, shall conclude the affairs of the conservatorship in accordance with paragraph (2).

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone. The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.

  • Amended byPub. L. 101-73(H.R. 1278)1989-08-09
    Financial Institutions Reform, Recovery, and Enforcement Act of 1989
    House: no recorded tallySenate: no recorded tally