Area 206 off title II of the Act away from October 15, 1982 (Bar
[Source: Part dos[13(g), previously 13(f)] of Operate off Sep 21, 1950 (Pub. 797; 64 Stat. 889), active Sep 21, 1950, since the redesignated because of the area 113(m) regarding title We of Operate away from Oct fifteen, 1982 (Pub. 97–320; 96 Stat. 1474), productive Oct fifteen, 1982]
(h) Reopening or Aversion regarding Closing of Covered Branch off Overseas Financial .–New powers conferred into the Board regarding Directors in addition to Agency through this part to do so to reopen an insured depository place for the standard or even to prevent the newest default away from an insured depository institution can be utilized in terms of an insured part from a different bank in the event the, on judgment of Board out of Directors, people interest in avoiding the standard of these part drastically outweighs any extra risk of loss to the Deposit Insurance rates Finance that the take action of these powers create involve.
[Source: Area dos[13(h), earlier thirteen(g)] of your own Act out-of September 21, 1950 (Club. 797), because the added by area 6(c)(24) of one’s Act out-of September 17, 1978 (Club. 95–369; 92 Stat. 619), active September 17, 1978; and as redesignated from the point 113(m) out-of identity We of Act from October fifteen, 1982 (Pub. 97–320; 96 Stat. 1474), active ended by the parts 201(a)(1) and you can 217(6) off title II of your own Act out of August nine, 1989 (Club. 101–73; 103 Stat. 187 and 258), effective August nine, 1989; section 8(a)(19)(F) of the Operate out-of (Pub. 109–173; 119 Stat. 3613), active date shall take effect at the time of your own merger of the Financial Insurance coverage Fund in addition to Coupons Relationship Insurance policies Finance pursuant on the Government Deposit Insurance rates Change Operate away from 2005]
