12 CFR 650.50
§ 650.50 Payment of claims.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 650.50, § 650.50 Payment of claims, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48267
- Permanent ID
ys:prov:48267@1- SHA-256
219157ac11f5a3850faf13488f7c0c8bfe2b0586d9a82fd5368f6e02f641df42
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) All claims of each class described in § 650.61 of this subpart shall be paid in full or provisions shall be made for such payment prior to the payment of any claim of a lesser priority. If there are insufficient funds to pay all claims in a class in full, distribution to that class will be on a pro rata basis.
(b) Following the payment of all claims, the receiver shall distribute the remainder of the assets of the Corporation, if any, to the owners of stock and other equities in accordance with the priorities for impairment set forth in section 8.4(e)(3) of the Act and the bylaws of the Corporation.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.