Certification of assumption of deposit liabilities.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (e) (1) If the charter of the transferring institution has been cancelled, revoked, rescinded, or otherwise terminated by operation of applicable state or federal statutes or regulations, or by action of the chartering authority for the transferring institution essentially contemporaneously, that is, generally within five business days after all deposits have been assumed; or (2) If the transferring institution is an insured depository institution in default and for which the FDIC has been appointed receiver.

official document · source cfr-2024 · id 12:§ 307.2