GroundRules
12 CFR 380.5: Treatment of covered financial companies that are subsidiaries of insurance companies.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER III—FEDERAL DEPOSIT INSURANCE CORPORATION
- SUBCHAPTER B—REGULATIONS AND STATEMENTS OF GENERAL POLICY
- PART 380—ORDERLY LIQUIDATION AUTHORITY
- Subpart A—General and Miscellaneous Provisions
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON