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2.14 Prohibition on Asset Sales to Certain Persons

<< Title II Overview

2.14 Prohibition on Asset Sales to Certain Persons

 

 


   2.14.     Prohibition on Asset Sales to Certain Persons.   As is the case with sales of failed depository institution assets, the FDIC is required to issue regulations that prohibit the sale of assets of a covered financial company in receivership to persons who have engaged in certain conduct including defaults on obligations to the company or participation in any transaction that resulted in a substantial loss to the company. [§210(r)]