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acquiring depository institution is not a
Savings Association Insurance Fund member, an
exit fee * * * which–-
(I) shall be deposited in the
Savings Association Insurance Fund;
or
(II) shall be paid to the
Financing Corporation, if the
Secretary of the Treasury
determines that the Financing
Corporation has exhausted all other
sources of funding for interest
payments on the obligations of the
Financing Corporation and orders
that such fees be paid to the
Financing Corporation;
(ii) in the case of a conversion
transaction in which the resulting or
acquiring depository institution is not a
Bank Insurance Fund member, an exit fee in an
amount to be determined by the [Federal
Deposit Insurance] Corporation * * * which
shall be deposited in the Bank Insurance
Fund; and
(iii) an entrance fee in an amount to be
determined by the [Federal Deposit Insurance]
Corporation * * *, except that--
(I) in the case of a
conversion transaction in which the
resulting or acquiring depository
institution is a Bank Insurance
Fund member, the fee shall be the
approximate amount which the
[Federal Deposit Insurance]
Corporation calculates as necessary
to prevent dilution of the Bank
Insurance Fund, and shall be paid
to the Bank Insurance Fund; and
(II) in the case of a
conversion transaction in which the
resulting or acquiring depository
institution is a Savings
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Last modified: May 25, 2011