2015 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 43 - Actions Against Persons Committing Bank Fraud Crimes (Sections 4201 - 4247)
Subchapter II - Declarations Providing United States With New Information Concerning Recovery of Assets (Sections 4221 - 4230)
Sec. 4227 - Unreviewed declarations; petition to pursue action as private contractor
| Publication Title | United States Code, 2012 Edition, Supplement 3, 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 43 - ACTIONS AGAINST PERSONS COMMITTING BANK FRAUD CRIMES SUBCHAPTER II - DECLARATIONS PROVIDING UNITED STATES WITH NEW INFORMATION CONCERNING RECOVERY OF ASSETS Sec. 4227 - Unreviewed declarations; petition to pursue action as private contractor |
| Contains | section 4227 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 101-647, title XXV, §2582, Nov. 29, 1990, 104 Stat. 4903. |
| Statutes at Large Reference | 104 Stat. 4903 |
| Public and Private Law | Public Law 101-647 |
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(1) If, pursuant to section 4226(d)(1)(B) of this title, the Attorney General notifies a declarant that the declarant's allegations have not yet been addressed, the declarant may notify the Attorney General to award a contract pursuant to subchapter III to pursue the case.
(2) A declarant's notification under paragraph (1) shall be filed with the Attorney General not later than 30 days after the date of service of notice under section 4226(d)(1)(B) of this title, and the Attorney General shall respond to the notification not later than 30 days after receipt.
(b) Contents of responseIn response to a notification under subsection (a)(1), the Attorney General shall—
(1) grant a contract pursuant to subchapter III; or
(2) proceed with an action.
(c) Grant of contractIf the Attorney General decides to grant a contract, the declarant, after consultation with the Attorney General, shall have the right to select counsel to prosecute an action, and the declarant and the declarant's counsel shall act in accordance with subchapter III.
(Pub. L. 101–647, title XXV, §2582, Nov. 29, 1990, 104 Stat. 4903.)
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