Title 12 — Banks and BankingRelease 119-73
§5392 Prohibition of circumvention and prevention of conflicts of interest
Title 12 › Chapter CHAPTER 53— - WALL STREET REFORM AND CONSUMER PROTECTION › Subchapter SUBCHAPTER II— - ORDERLY LIQUIDATION AUTHORITY › § 5392
Summary
Only funds under this subchapter may be used to wind down covered financial companies. No government may try to get around the rules here. If the Corporation handles multiple such cases, it must avoid conflicts of interest.
Full Legal Text
Title 12, §5392
Banks and Banking — Source: USLM XML via OLRC
(a)Funds for the orderly liquidation of any covered financial company under this subchapter shall only be provided as specified under this subchapter.
(b)No governmental entity may take any action to circumvent the purposes of this subchapter.
(c)In the event that the Corporation is appointed receiver for more than 1 covered financial company or is appointed receiver for a covered financial company and receiver for any insured depository institution that is an affiliate of such covered financial company, the Corporation shall take appropriate action, as necessary to avoid any conflicts of interest that may arise in connection with multiple receiverships.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
This subchapter, referred to in subsecs. (a) and (b), was in the original “this title”, meaning title II of Pub. L. 111–203, July 21, 2010, 124 Stat. 1442, which is classified principally to this subchapter. For complete classification of title II to the Code, see Tables.
Statutory Notes and Related Subsidiaries
Effective Date
Section effective 1 day after July 21, 2010, except as otherwise provided, see section 4 of Pub. L. 111–203, set out as a note under section 5301 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5392
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73