12 USC 191 - Appointment of receiver for a national bank

U.S Code last checked for updates: Nov 22, 2024

§ 191.

Appointment of receiver for a national bank

(a)

In general

The Comptroller of the Currency may, without prior notice or hearings, appoint a receiver for any national bank (and such receiver shall be the Federal Deposit Insurance Corporation if the national bank is an insured bank (as defined in section 1813(h) of this title)) if the Comptroller determines, in the Comptroller’s discretion, that—

(1)

1 or more of the grounds specified in section 1821(c)(5) of this title exist; or

(2)

the association’s board of directors consists of fewer than 5 members.

(b)

Judicial review

(June 30, 1876, ch. 156, § 2, formerly § 1, 19 Stat. 63; Pub. L. 86–230, § 16, Sept. 8, 1959, 73 Stat. 458; Pub. L. 102–242, title I, § 133(b), Dec. 19, 1991, 105 Stat. 2271; renumbered § 2 and amended Pub. L. 102–550, title XVI, § 1603(d)(6), (7), Oct. 28, 1992, 106 Stat. 4080; Pub. L. 109–351, title VII, § 701(a), Oct. 13, 2006, 120 Stat. 1984.)

cite as: 12 USC 191