[Source: Part 2[13(g), earlier thirteen(f)] of your Act regarding September 21, 1950 (Club. 797; 64 Stat. 889), energetic September 21, 1950, as the redesignated because of the point 113(m) away from label We of your own Work away from Oct 15, 1982 (Pub. 97–320; 96 Stat. 1474), energetic October fifteen, 1982]
(h) Reopening or Aversion out-of Closure of Insured Branch out of Overseas Bank .–The latest powers conferred to the Panel out of Directors and Company from this point to do this so you’re able to reopen a covered depository facilities for the default or even avert the newest default regarding a covered depository business may be used in terms of a covered branch out of a different bank in the event that, on the wisdom of one’s Panel from Administrators, anyone demand for preventing the standard of such part significantly outweighs any additional risk of losings to the Put Insurance coverage Loans which the do so of these vitality manage involve.
[Source: Part 2[13(h), earlier thirteen(g)] of one’s Work from Sep 21, 1950 (Bar. 797), once the added of the area six(c)(24) of the Operate out-of September 17, 1978 (Bar. 95–369; ninety five Stat. 619), active September 17, 1978; and also as redesignated by the area 113(m) away from loan places Valley Head label I of your own Act from October 15, 1982 (Bar. 97–320; 96 Stat. 1474), effective ended by areas 201(a)(1) and you will 217(6) out-of identity II of the Act from August 9, 1989 (Bar. 101–73; 103 Stat. 187 and you will 258), productive August 9, 1989; section 8(a)(19)(F) of Act out-of (Club. 109–173; 119 Stat. 3613), effective time should begin working at the time of your merger of Financial Insurance coverage Loans additionally the Discounts Connection Insurance Funds pursuant towards Federal Deposit Insurance rates Reform Work off 2005]
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