[Source: Section dos[13(g), earlier thirteen(f)] of Work away from September 21, 1950 (Club. 797; 64 Stat. 889), energetic September 21, 1950, while the redesignated by area 113(m) off name I of your own Operate away from Oct fifteen, 1982 (Bar. 97–320; 96 Stat. 1474), active October fifteen, 1982]
(h) Reopening or Antipathy of Closure out-of Insured Department out-of International Financial .–The brand new powers conferred with the Panel off Directors plus the Business by this part to take action to reopen a covered depository business inside the standard or even to avoid new default away from an insured depository business may be used when it comes to Mississippi loans an insured part away from a foreign financial if, on wisdom of Board off Directors, the general public need for steering clear of the default of these branch dramatically outweighs any additional risk of losses on Put Insurance Financing which the do it of such vitality carry out involve.
[Source: Section dos[13(h), previously 13(g)] of Operate from Sep 21, 1950 (Pub. 797), as additional from the part six(c)(24) of one’s Operate out-of Sep 17, 1978 (Club. 95–369; 92 Stat. 619), active September 17, 1978; and as redesignated by the point 113(m) away from term We of your own Work away from Oct 15, 1982 (Pub. 97–320; 96 Stat. 1474), effective ended from the areas 201(a)(1) and you may 217(6) out-of title II of one’s Act away from August nine, 1989 (Club. 101–73; 103 Stat. 187 and you will 258), active August 9, 1989; area 8(a)(19)(F) of your Work regarding (Bar. 109–173; 119 Stat. 3613), effective big date shall start working on the day of your own merger of the Lender Insurance coverage Fund as well as the Coupons Association Insurance rates Finance pursuant on the Federal Deposit Insurance coverage Change Work regarding 2005]
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