§ 5392. Prohibition of circumvention and prevention of conflicts of interest

213 words·~1 min read·/usc/title-12/section-5392

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(a)No other funding Funds for the orderly liquidation of any covered financial company under this subchapter shall only be provided as specified under this subchapter.

(b)Limit on governmental actions No governmental entity may take any action to circumvent the purposes of this subchapter.

(c)Conflict of interest In the event that the Corporation is appointed receiver for more than 1 covered financial company or is appointed receiver for a covered financial company and receiver for any insured depository institution that is an affiliate of such covered financial company, the Corporation shall take appropriate action, as necessary to avoid any conflicts of interest that may arise in connection with multiple receiverships.

(Pub. L. 111–203, title II, § 212, July 21, 2010, 124 Stat. 1516.)

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Sec. 212
PROHIBITION OF CIRCUMVENTION AND PREVENTION OF CONFLICTS OF INTEREST

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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

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U.S. Code

Definitions
§ 5301

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Pub. L. 111–203, title II, § 212
124 Stat. 1516
Pub. L. 111–203
124 Stat. 1442
section 4 of Pub. L. 111–203

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§ 5392

Prohibition of circumvention and prevention of conflicts of interest

Stat. Comp.×1

Stat.×1

U.S.C.§ 5301

Pub. L.Pub. L. 111–203, title II, § 212

Stat.124 Stat. 1516

Pub. L.Pub. L. 111–203

Stat.124 Stat. 1442

Pub. L.section 4 of Pub. L. 111–203

Cites 6Cited by 2 across 2 sources