12 U.S.C. § 204
Section 204 · Examinations
This is § 204 of the Biomass Energy and Alcohol Fuels Act of 1980
Amended 2 times on record
Applied in 1 court decisions — leading case Brookwood Homebuilding & Remodeling, LLC v. Landis Reed Homes, LLC (2017)
Most recently applied in Brookwood Homebuilding & Remodeling, LLC v. Landis Reed Homes, LLC (July 2017)
The Comptroller of the Currency (in consultation with the Board of Directors of the Federal Deposit Insurance Corporation when the Corporation is appointed conservator) is authorized to examine and supervise the bank in conservatorship as long as the bank continues to operate as a going concern. The Comptroller may use reports and other information provided by the Federal Deposit Insurance Corporation for this purpose.
Editorial notes U.S. Code · Office of the Law Revision Counsel
Amendments
1989—Pub. L. 101–73 amended section generally. Prior to amendment, section read as follows: “The Comptroller of the Currency shall cause to be made such examinations of the affairs of such bank as shall be necessary to inform him as to the financial condition of such bank, and the examiner shall make a report thereon to the Comptroller of the Currency at the earliest practicable date.”
Exception as to Transfer of Functions
Functions vested by any provision of law in Comptroller of the Currency, referred to in this section, not included in transfer of functions to Secretary of the Treasury, see note set out under section 1 of this title.