Sec. 4. Limitation on considering bad faith bids in least cost determination

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Section 13(c)(4) of the Federal Deposit Insurance Act ( 12 U.S.C. 1823(c)(4) ) is amended by adding at the end the following: In making a determination under this paragraph of whether an exercise of authority is the least costly to the Deposit Insurance Fund, the Corporation may not consider any application, proposed application, or bid from a company, if such application, proposed application, or bid would result in violation of— section 18(c)(13) or 44(b)(2); or section 3(d)(2), 4(i)(8), or 14 of the Bank Holding Company Act of 1956. .

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U.S. Code

Corporation monies
§ 1823

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Sec. 4

Limitation on considering bad faith bids in least cost determination

U.S.C.§ 1823

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