12 CFR 380.5
§ 380.5 Treatment of covered financial companies that are subsidiaries of insurance companies.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 380.5, § 380.5 Treatment of covered financial companies that are subsidiaries of insurance companies, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47176
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Full text
The Corporation as receiver shall distribute the value realized from the liquidation, transfer, sale or other disposition of the direct or indirect subsidiaries of an insurance company, that are not themselves insurance companies, solely in accordance with the order of priorities set forth in 12 U.S.C. 5390(b)(1) and the regulations promulgated thereunder.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.