12 U.S. Code § 2279bb–5 - Mandatory actions applicable to level II
Mandatory actions applicable to level II
(a) Capital restoration plan
(b) Restriction on dividends
(c) Reclassification from level II to level IIIThe Director shall immediately reclassify the Corporation as within level III (and the Corporation shall be subject to the provisions of section 2279bb–6 of this title), if—
the Corporation is within level II; and
(d) Effective date
This section shall take effect upon the expiration of the 30-month period beginning on December 13, 1991.
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