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2015 US Code
Title 12 - Banks and Banking (Sections 1 - 5710)
Chapter 53 - Wall Street Reform and Consumer Protection (Sections 5301 - 5641)
Subchapter II - Orderly Liquidation Authority (Sections 5381 - 5394)
Sec. 5387 - Directors not liable for acquiescing in appointment of receiver
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Metadata
| 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 53 - WALL STREET REFORM AND CONSUMER PROTECTION SUBCHAPTER II - ORDERLY LIQUIDATION AUTHORITY Sec. 5387 - Directors not liable for acquiescing in appointment of receiver |
| Contains | section 5387 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 111-203, title II, §207, July 21, 2010, 124 Stat. 1459. |
| Statutes at Large Reference | 124 Stat. 1459 |
| Public and Private Law | Public Law 111-203 |
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12 U.S.C. § 5387 (2015)
§5387. Directors not liable for acquiescing in appointment of receiver
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.
(Pub. L. 111–203, title II, §207, July 21, 2010, 124 Stat. 1459.)
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