Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

a citizen's law index

Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 53— WALL STREET REFORM AND CONSUMER PROTECTION · SUBCHAPTER II— ORDERLY LIQUIDATION AUTHORITY · § 5387

Aa

§ 5387. Directors not liable for acquiescing in appointment of receiver

104 words·~1 min read·/usc/title-12/section-5387

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The members of the board of directors (or body performing similar functions) of a covered financial company shall not be liable to the shareholders or creditors thereof for acquiescing in or consenting in good faith to the appointment of the Corporation as receiver for the covered financial company under section 5383 of this title.

(Pub. L. 111–203, title II, § 207, July 21, 2010, 124 Stat. 1459.)

Connections2 cite this · traces to 2

Cited by 2 sections

statute-compilations

Sec. 207
DIRECTORS NOT LIABLE FOR ACQUIESCING IN APPOINTMENT OF RECEIVER

statutes-at-large

Public Law 111–203
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes

Traces to 2 documents

U.S. Code

3 references not yet in our index

Pub. L. 111–203, title II, § 207
124 Stat. 1459
section 4 of Pub. L. 111–203

Citation graph

cites case law

§ 5387

Directors not liable for acquiescing in appointment of receiver

Stat. Comp.×1

Stat.×1

Pub. L.Pub. L. 111–203, title II, § 207

Stat.124 Stat. 1459

Pub. L.section 4 of Pub. L. 111–203

Cites 5Cited by 2 across 2 sources