12 U.S.C. § 5392 - U.S. Code - Unannotated Title 12. Banks and Banking § 5392. Prohibition of circumvention and prevention of conflicts of interest

(a)No other funding

Funds for the orderly liquidation of any covered financial company under this subchapter shall only be provided as specified under this subchapter.

(b)Limit on governmental actions

No governmental entity may take any action to circumvent the purposes of this subchapter.

(c)Conflict of interest

In the event that the Corporation is appointed receiver for more than 1 covered financial company or is appointed receiver for a covered financial company and receiver for any insured depository institution that is an affiliate of such covered financial company, the Corporation shall take appropriate action, as necessary to avoid any conflicts of interest that may arise in connection with multiple receiverships.