Wednesday, June 26, 2013 3:55:42 PM
A: The Conservator cannot make a determination to liquidate the Company, although, short
of that, the Conservator has the authority to run the company in whatever way will best
achieve the Conservator’s goals (discussed above). However, assuming a statutory
ground exists and the Director of FHFA determines that the financial condition of the
company requires it, the Director does have the discretion to place any regulated entity,
including the Company, into receivership. Receivership is a statutory process for the
liquidation of a regulated entity. There are no plans to liquidate the Company.
Q: Can the Company be dissolved?
A: Although the company can be liquidated as explained above, by statute the charter of the
Company must be transferred to a new entity and can only be dissolved by an Act of
Congress.
See you in court.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM