{"data":{"id":"us/12-cfr-1237.13","jurisdiction":"us","citation":"12 CFR 1237.13","heading":"Payment of Securities Litigation Claims while in conservatorship.","body":"(a) Payment of Securities Litigation Claims while in conservatorship. The Agency, as conservator, will not pay a Securities Litigation Claim against a regulated entity, except to the extent the Director determines is in the interest of the conservatorship.\n(b) Claims against limited-life regulated entities. A limited-life regulated entity shall not assume, acquire, or succeed to any obligation that a regulated entity for which a receiver has been appointed may have to any shareholder of the regulated entity that arises as a result of the status of that person as a shareholder of the regulated entity, including any Securities Litigation Claim. No creditor of the regulated entity shall have a claim against a limited-life regulated entity unless the receiver has transferred that liability to the limited-life regulated entity. The charter of the regulated entity, or of the limited-life regulated entity, is not an asset against which any claim can be made by any creditor or shareholder of the regulated entity.","path":["Title 12—Banks and Banking","CHAPTER XII—FEDERAL HOUSING FINANCE AGENCY","SUBCHAPTER B—ENTITY REGULATIONS","PART 1237—CONSERVATORSHIP AND RECEIVERSHIP","Subpart D—Other"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"a768674bba73274e9c49b3023ce91732f93e0a6a5961076ba50b15163c96bf0a","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-1237.12","next":"us/12-cfr-1237.14"},"notice":"GroundRules: Original legal text. Not legal advice."}