Voluntary liquidation of a national bank or Federal savings association.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (d) (i) The purpose of the liquidation; (ii) Its impact on the safety and soundness of the national bank or Federal savings association; and (iii) Its impact on the bank's or savings association's depositors, other creditors, and customers. (2) (3) (e) (2) (ii) The national bank or Federal savings association must receive the OCC's non-objection to the liquidation plan before beginning the liquidation. (3) (A) File a notice with the appropriate OCC licensing office; and (B) provide notice to depositors, other known creditors, and known claimants of the bank or savings association. (ii) (iii) (4) (5) (6) (f) (2) (i) The acquiring depository institution certifies to the OCC that it has purchased all the assets and assumed (ii) The acquiring depository institution and the national bank or Federal savings association in liquidation have published notice that the bank or savings association will dissolve after the purchase and assumption to the acquiror. This notice must be included in the notice and publication for the purchase and assumption required under the Bank Merger Act, 12 U.S.C. 1828(c).

official document · source cfr-2024 · id 12:§ 5.48