administrative expenses of the receiver

(3) Definition As used in this subsection, the term “administrative expenses of the receiver” includes— (A) the actual, necessary costs and expenses incurred by the receiver in preserving the assets of a failed regulated entity or liquidating or otherwise resolving the affairs of a failed regulated entity; and (B) any obligations that the receiver determines are necessary and appropriate to facilitate the smooth and orderly liquidation or other resolution of the regulated entity.


12 USC § 4617(c)(3)

Scoping language

As used in this subsection
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