There is a newer version
of
this Section
2016 US Code
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
Download PDF
12 U.S.C. § 5387 (2016) |
§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.) |
EFFECTIVE DATE
Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title. |
United States Code, 2012 Edition, Supplement 4, Title 12 - BANKS AND BANKING |
Bills and Statutes |
United States Code |
Y 1.2/5: |
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 |
section 5387 |
2016 |
January 6, 2017 |
No |
standard |
124 Stat. 1459 |
Public Law 111-203 |
Disclaimer: These codes may not be the most recent version. United States may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.