Federal · Title 12 — Banks and Banking
12 U.S.C. § 5613: Additional related matters
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Effective upon July 21, 2010 , the Corporation may not exercise its authority under section 1823(c)(4)(G)(i) of this title to establish any widely available debt guarantee program for which section 5612 of this title would provide authority. appoint itself as receiver for the insured depository institution that defaults; and consideration of whether a determination shall be made, as provided in section 5383 of this title to resolve the company under section 5382 of this title ; and the company to file a petition for bankruptcy under section 301 of title 11 if the Corporation is not appointed receiver pursuant to section 5382 of this title within 30 days of the date of default; or file a petition for involuntary bankruptcy on behalf of the company under section 303 of title 11 .
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