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What it is of receivership should be industry the fresh possessions away from a hit a brick wall institution, liquidate him or her, and you can spread the newest continues on the institution’s loan providers. The new FDIC since the individual succeeds for the legal rights, efforts, and you may privileges of your own institution and its own stockholders, officers, and you may directors. It might assemble all the personal debt and cash due to the establishment, maintain or liquidate its possessions and you can assets, and you may perform some other function of the college in keeping with their conference.

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