Pub. L. 111-203, tit. II, sec. 207 (as amended)

DIRECTORS NOT LIABLE FOR ACQUIESCING IN APPOINTMENT OF RECEIVER.

Year: 2025Length: 65 wordsOfficial source
SEC. 207. [12 U.S.C. 5387] DIRECTORS NOT LIABLE FOR ACQUIESCING IN APPOINTMENT OF RECEIVER. The members of the board of directors (or body performing similar functions) of a covered financial company shall not be liable to the shareholders or creditors thereof for acquiescing in or consenting in good faith to the appointment of the Corporation as receiver for the covered financial company under section 203.
Cross-references to the US Code
12 U.S.C. 5387
Pub. L. 111-203, tit. II, sec. 207 (as amended): DIRECTORS NOT LIABLE FOR ACQUIESCING IN APPOINTMENT OF RECEIVER. | Justis AI