Failed Institution Law and Legal Definition
According to 12 CFR 340.2 [Title 12 - Banks and Banking; Chapter III - Federal Deposit Insurance Corporation; Subchapter B - Regulations And Statements Of General Policy; Part 340 -- Restrictions On Sale Of Assets By The Federal Deposit Insurance Corporation], failed institution means “any bank or savings association that has been under the conservatorship or receivership of the FDIC (Federal Deposit Insurance Corporation) or RTC (Resolution Trust Corporation.) For the purpose of this part, "failed institution" includes any entity owned and controlled by a failed institution.”
Legal Definition list
Related Legal Terms
- 1862 Institution
- 1890 Institution
- 1994 Institution
- Academic Institution
- Accredited Educational Institution
- Adult Care Institution
- Adult Correctional Institution [Education]
- Asian American and Native American Pacific Islander-Serving Institution
- Assisted Institutions
- Association for Institutional Research [AIR]
