GroundRules
← Search the law
US Code · Through Public Law 119-103 (09/02/2026) · Newer source version available

12 U.S.C. § 5387: Directors not liable for acquiescing in appointment of receiver

Read at publisher ↗
Where this section sits in the code
  1. Title 12—BANKS AND BANKING
  2. CHAPTER 53—WALL STREET REFORM AND CONSUMER PROTECTION

The members of the board of directors (or body performing similar functions) of a covered financial company shall not be liable to the shareholders or creditors thereof for acquiescing in or consenting in good faith to the appointment of the Corporation as receiver for the covered financial company under section 5383 of this title.

Collected 2026-09-10T05:56:24Z. Source file · JSON

Browse this collection