12 CFR 360.4 - Administrative expenses.

§ 360.4 Administrative expenses.

The priority for administrative expenses of the receiver, as that term is used in section 11(d)(11) of the Act ( 12 U.S.C. 1821(d)(11), shall include those necessary expenses incurred by the receiver in liquidating or otherwise resolving the affairs of a failed insured depository institution. Such expenses shall include pre-failure and post-failure obligations that the receiver determines are necessary and appropriate to facilitate the smooth and orderly liquidation or other resolution of the institution.

[ 60 FR 35488, July 10, 1995]

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