Federal · Title 12 — Banks and Banking
12 U.S.C. § 5411: Transfer date
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Except as provided in subsection (b), the term “transfer date” means the date that is 1 year after July 21, 2010 . a written determination that commencement of the orderly process to implement this title 1 is not feasible by the date that is 1 year after 1 See References in Text note below. July 21, 2010 ; an explanation of why an extension is necessary to commence the process of orderly implementation of this title; 1 the transfer date designated under this subsection; and a description of the steps that will be taken to initiate the process of an orderly and timely implementation of this title 1 within the extended time period. Not later than 270 days after July 21, 2010 , the Secretary shall publish in the Federal Register notice of any transfer date designated under paragraph (1).
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