12 U.S. Code § 5392 - Prohibition of circumvention and prevention of conflicts of interest

(a) No other funding
Funds for the orderly liquidation of any covered financial company under this subchapter shall only be provided as specified under this subchapter.
(b) Limit on governmental actions
No governmental entity may take any action to circumvent the purposes of this subchapter.
(c) Conflict of interest
In the event that the Corporation is appointed receiver for more than 1 covered financial company or is appointed receiver for a covered financial company and receiver for any insured depository institution that is an affiliate of such covered financial company, the Corporation shall take appropriate action, as necessary to avoid any conflicts of interest that may arise in connection with multiple receiverships.

Source

(Pub. L. 111–203, title II, § 212,July 21, 2010, 124 Stat. 1516.)
References in Text

This subchapter, referred to in subsecs. (a) and (b), was in the original “this title”, meaning title II of Pub. L. 111–203, July 21, 2010, 124 Stat. 1442, which is classified principally to this subchapter. For complete classification of title II to the Code, see Tables.

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.

12 USCDescription of ChangeSession YearPublic LawStatutes at Large

 

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