Arizona Revised Statutes § 6-395.03 Federal Deposit Insurance Corporation Power Pending Judicial Proceedings

6-395.03. Federal deposit insurance corporation power pending judicial proceedings

The federal deposit insurance corporation may pay out and acquire the insured deposit liabilities of a bank notwithstanding the possession by the superintendent or the pendency of receivership proceedings and for such purposes shall have the use of the facilities and records of the bank. The federal deposit insurance corporation and its directors, officers, agents and employees, the superintendent and the receiver and the respective agents and employees of each, shall be free from liability to the bank, its directors, stockholders and creditors, for or on account of any action authorized by this section.

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Last modified: October 13, 2016