§ 380.5. Treatment of covered financial companies that are subsidiaries of insurance companies.
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/us/cfr/t12/s§ 380.5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Corporation as receiver shall distribute the value realized from the liquidation, transfer, sale or other disposition of the direct or indirect subsidiaries of an insurance company, that are not themselves insurance companies, solely in accordance with the order of priorities set forth in 12 U.S.C. 5390(b)(1) and the regulations promulgated thereunder. [76 FR 41640, July 15, 2011]
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§ 380.5
Treatment of covered financial companies that are subsidiaries of insurance companies.
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