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Code · STATUTE-COMPILATIONS · Federal Deposit Insurance Act · Sec. 50

Sec. 50. ENFORCEMENT OF AGREEMENTS

153 words·~1 min read·/statute-compilations/comps-265/sec-50

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## SEC. 50 ENFORCEMENT OF AGREEMENTS **[**[12 U.S.C. 1831aa](/us/usc/t12/s1831aa)**]** ###
(a)In General Notwithstanding clause
(i)or
(ii)of section 8(b)(6)(A) or section 38(e)(2)(E)(i), the appropriate Federal banking agency for a depository institution may enforce, under section 8, the terms of— ####
(1)any condition imposed in writing by the agency on the depository institution or an institution-affiliated party in connection with any action on any application, notice, or other request concerning the depository institution; or ####
(2)any written agreement entered into between the agency and the depository institution or an institution-affiliated party. ###
(b)Receiverships and Conservatorships After the appointment of the Corporation as the receiver or conservator for a depository institution, the Corporation may enforce any condition or agreement described in paragraph
(1)or
(2)of subsection
(a)imposed on or entered into with such institution or institution-affiliated party through an action brought in an appropriate United States district court.
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Sec. 50
ENFORCEMENT OF AGREEMENTS
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