Section 5-8A-34 Loans from and Sale of Assets to Federal Deposit Insurance Corporation for Bank. — United States — Alabama law | Esheria

Section 5-8A-34 Loans from and Sale of Assets to Federal Deposit Insurance Corporation for Bank.

A bank receiver may borrow from the FDIC and use bank assets as loan security, and may sell bank assets to the FDIC if the receivership court approves.

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Jurisdiction
United States — Alabama
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
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asset sales receivership secured loans

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