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Federal Register: Enforcement of Subsidiary and Affiliate Contracts by the FDIC as Receiver of a Covered Company [Final rule]

( October 16, 2012, 21:57 GMT | Official Statement) -- MLex Summary: The U.S. Federal Deposit Insurance Corporation finalized a rule that enforces contracts of subsidiaries or affiliates of a failing bank despite contract clauses that "purport to terminate, accelerate or provide for other remedies based on the insolvency, financial condition or receivership" of that bank....

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