Pub. L. 102-238, tit. I, sec. 102

APPOINTMENT BY DIRECTOR OF THE OFFICE OF THRIFT SUPERVISION.

EnactedYear: 1991Length: 136 wordsOfficial source
SEC. 102. APPOINTMENT BY DIRECTOR OF THE OFFICE OF THRIFT SUPERVISION. Section 11(c)(6)(B) of the Federal Deposit Insurance Act (12 U.S.C. 1821(c)(6)(B)) is amended to read as follows: “(B) Receiver.— Whenever the Director of the Office of Thrift Supervision appoints a receiver under the provisions of section 5(d)(2)(C) of the Home Owners’ Loan Act for the purpose of liquidation or winding up any savings association afffair’s— “(i) before October 1, 1993, the Resolution Trust Corporation shall be appointed; “(ii) after September 30, 1993, the Resolution Trust Corporation shall be appointed if the Resolution Trust Corporation had been placed in control of the depository institution at any time on or before such date; and “(iii) after September 30, 1993, the Corporation shall be appointed unless the Resolution Trust Corporation is required to be appointed under clause (ii).”.
Pub. L. 102-238, tit. I, sec. 102: APPOINTMENT BY DIRECTOR OF THE OFFICE OF THRIFT SUPERVISION. | Justis AI