GroundRules
12 CFR 380.53: Repudiation of secured contract.
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 C—Receivership Administrative Claims Process
To the extent that a contract to which a covered financial company is a party is secured by property of the covered financial company, the repudiation of the contract by the Corporation as receiver shall not be construed as permitting the avoidance of any legally enforceable and perfected security interest in the property, and the security interest shall secure any claim for repudiation damages.
Collected 2026-08-27T02:24:16Z. Source file · JSON