1996 US Code
Title 12 - BANKS AND BANKING
CHAPTER 11 - FEDERAL HOME LOAN BANKS
Sec. 1446 - Liquidation or reorganization; acquisition of assets by other banks; assumption of liabilities
View Metadata| Publication Title | United States Code, 1994 Edition, Supplement 2, Title 12 - BANKS AND BANKING |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 12 - BANKS AND BANKING CHAPTER 11 - FEDERAL HOME LOAN BANKS Sec. 1446 - Liquidation or reorganization; acquisition of assets by other banks; assumption of liabilities |
| Contains | section 1446 |
| Date | 1996 |
| Laws in Effect as of Date | January 6, 1997 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | July 22, 1932, ch. 522, §26, 47 Stat. 740; Aug. 9, 1989, Pub. L. 101-73, title VII, §701(b)(1), (3)(A), 103 Stat. 412. |
| Statutes at Large References | 47 Stat. 740 103 Stat. 412 |
| Public Law References | Public Law 101-73 |
§1446. Liquidation or reorganization; acquisition of assets by other banks; assumption of liabilities
Whenever the Board finds that the efficient and economical accomplishment of the purposes of this chapter will be aided by such action, and in accordance with such rules, regulations, and orders as the Board may prescribe, any Federal Home Loan Bank may be liquidated or reorganized, and its stock paid off and retired in whole or in part in connection therewith after paying or making provision for the payment of its liabilities. In the case of any such liquidation or reorganization, any other Federal Home Loan Bank may, with the approval of the Board, acquire assets of any such liquidated or reorganized bank and assume liabilities thereof, in whole or in part.
(July 22, 1932, ch. 522, §26, 47 Stat. 740; Aug. 9, 1989, Pub. L. 101–73, title VII, §701(b)(1), (3)(A), 103 Stat. 412.)
Amendments1989—Pub. L. 101–73 substituted “Board” for “board” wherever appearing.
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