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e-CFR data is current as of November 30, 2020

Title 12Chapter IIISubchapter BPart 360 → §360.4


Title 12: Banks and Banking
PART 360—RESOLUTION AND RECEIVERSHIP RULES


§360.4   Administrative expenses.

The priority for administrative expenses of the receiver, as that term is used in section 11(d)(11) of the Act (12 U.S.C. 1821(d)(11), shall include those necessary expenses incurred by the receiver in liquidating or otherwise resolving the affairs of a failed insured depository institution. Such expenses shall include pre-failure and post-failure obligations that the receiver determines are necessary and appropriate to facilitate the smooth and orderly liquidation or other resolution of the institution.

[60 FR 35488, July 10, 1995]

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