Part 206 away from label II of your own Act off October 15, 1982 (Pub
[Source: Section 2[13(g), earlier 13(f)] of Work out-of September 21, 1950 (Bar. 797; 64 Stat. 889), energetic Sep 21, 1950, just like the redesignated from the area 113(m) from label We of your Work of Oct 15, 1982 (Pub. 97–320; 96 Stat. 1474), effective October 15, 1982]
(h) Reopening otherwise Aversion regarding Closure of Covered Branch regarding Foreign Financial .–New efforts conferred on Board off Directors and Agency by this part to achieve this so you’re able to reopen an insured depository institution inside standard or perhaps to prevent the brand new standard out-of a covered depository institution can be utilized regarding a covered department regarding a different bank if, throughout the judgment of the Panel out of Directors, people need for preventing the standard of these part significantly outweighs any additional likelihood of loss towards Put Insurance rates Funds which the exercise of such powers do entail.
[Source: Point dos[13(h), formerly thirteen(g)] of your own Act out-of Sep 21, 1950 (Bar. 797), just like the extra from the section 6(c)(24) of the Act regarding Sep 17, 1978 (Bar. 95–369; ninety-five Stat. 619), productive Sep 17, 1978; and also as redesignated of the point 113(m) regarding title I of the Act of Oct fifteen, 1982 (Club. 97–320; 96 Stat. 1474), active finished by the areas 201(a)(1) and you can 217(6) regarding title II of your own Operate out of August 9, 1989 (Pub. 101–73; 103 Stat. 187 and you may 258), energetic August 9, 1989; section 8(a)(19)(F) of Work of (Club. 109–173; 119 Stat. 3613), active date should start working at the time of merger of your Lender Insurance coverage Finance plus the Deals Association Insurance rates Fund pursuant with the Government Deposit Insurance policies Reform Operate regarding 2005]
(1) ELIGIBLITY.–The appropriate Government financial agency shall allow an agricultural bank to grab the actions referred to during the paragraph (2) whether it finds out one–
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