12 U.S.C. § 5392
Prohibition of circumvention and prevention of conflicts of interest
United States · Title 12 — BANKS AND BANKING · Status: effective
Cite this
- Citation
- 12 U.S.C. § 5392, Prohibition of circumvention and prevention of conflicts of interest, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/439014
- Permanent ID
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Full text
Funds for the orderly liquidation of any covered financial company under this subchapter shall only be provided as specified under this subchapter.
No governmental entity may take any action to circumvent the purposes of this subchapter.
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.
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.
- Dodd-Frank Wall Street Reform and Consumer Protection Act