12 C.F.R. § 327.31   Scope.


Title 12 - Banks and Banking


Title 12: Banks and Banking
PART 327—ASSESSMENTS
Subpart B—Insured Depository Institutions Participating in Section 5(d)(3) Transactions

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§ 327.31   Scope.

(a) Affected institutions. This subpart B applies to any insured depository institution that:

(1) Is either a BIF or SAIF member; and

(2) Is the assuming, surviving, or resulting institution in a transaction undertaken pursuant to section 5(d)(3) of the Federal Deposit Insurance Act.

(b) Duration. This subpart B shall cease to apply to an insured depository institution if:

(1) On or after August 9, 1994, the Corporation approves an application by an insured depository institution to treat the transaction described in paragraph (a) of this section as a conversion transaction; and

(2) The insured depository institution pays the amount of any exit and entrance fee assessed by the Corporation with respect to such transaction.

[57 FR 45286, Oct. 1, 1992, as amended at 59 FR 67165, Dec. 29, 1994]

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