12 CFR 340.8
§ 340.8 Does this part apply in the case of a workout, resolution, or settlement of obligations?
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 340.8, § 340.8 Does this part apply in the case of a workout, resolution, or settlement of obligations?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46768
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Full text
The restrictions of §§ 340.3 and 340.4 do not apply if the sale or transfer of an asset resolves or settles, or is part of the resolution or settlement of, one or more obligations or claims that have been, or could have been, asserted by the FDIC against the person with whom the FDIC is settling regardless of the amount of such obligations or claims.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.