§ 51.1. Purpose and scope.
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/us/cfr/t12/s§ 51.1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Purpose. This part sets out procedures for receiverships of national banks conducted by the Office of the Comptroller of the Currency
(OCC)under the receivership provisions of the National Bank Act (NBA). These receivership provisions apply to national banks that are not insured by the Federal Deposit Insurance Corporation (FDIC).
(b)Scope. This part applies to the appointment of a receiver for uninsured national banks (uninsured banks) and the operation of a receivership after appointment of a receiver for an uninsured bank under 12 U.S.C. 191. 31 31 This part does not apply to receiverships for uninsured Federal branches or uninsured Federal agencies.
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