12 U.S.C. § 2279bb–5
Mandatory actions applicable to level II
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 2279bb–5, Mandatory actions applicable to level II, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/438355
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Full text
If the Corporation is classified as within level II, the Corporation shall, within the time period determined by the Director, submit to the Director a capital restoration plan and, after approval, carry out the plan.
If the Corporation is classified as within level II, the Corporation may not make any payment of dividends that would result in the Corporation being reclassified as within level III or IV.
The Director shall immediately reclassify the Corporation as within level III (and the Corporation shall be subject to the provisions of section 2279bb–6 of this title), if—
This section shall take effect upon the expiration of the 30-month period beginning on December 13, 1991.
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 The law that originally enacted this section predates the public laws loaded here, so only later amendments are listed.
- Food, Agriculture, Conservation, and Trade Act Amendments of 1991House: 417–5Senate: no recorded tally