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Title 12 → Chapter III → Subchapter B → Part 380 → Subpart A → §380.5 |
Title 12: Banks and Banking
PART 380—ORDERLY LIQUIDATION AUTHORITY
Subpart A—General and Miscellaneous Provisions
§380.5 Treatment of covered financial companies that are subsidiaries of insurance companies.
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]