§ 1231.5 Applicability in the event of receivership.
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Title 12 CFR: Banks and Banking › Chapter XII: FEDERAL HOUSING FINANCE AGENCY › Part 1231: GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS › § 1231.5: § 1231.5 Applicability in the event of receivership.
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The provisions of this part, or any consent or approval granted under the provisions of this part by FHFA, shall not in any way bind any receiver of a regulated entity. Any consent or approval granted under the provisions of this part by FHFA shall not in any way obligate FHFA as receiver to pay any claim or obligation pursuant to any golden parachute, severance, indemnification, or other agreement, or otherwise improve any claim of any affiliated party on or against FHFA as receiver. Nothing in this part may be construed to permit the payment of salary or any liability or legal expense of an affiliated party contrary to section 1318(e)(3) of the Safety and Soundness Act (12 U.S.C. 4518(e)(3)).
[83 FR 65291, Dec, 20, 2018]
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