ARKANSAS STATUTES AND CODES
§ 23-49-113 - Subrogation of federal deposit insurance agency to rights of depositors.
23-49-113. Subrogation of federal deposit insurance agency to rights of depositors.
Whenever a federal deposit insurance agency pays or makes available for payment the insured deposit liabilities of a closed institution, the federal deposit insurance agency, whether or not it acts as receiver, shall be subrogated by operation of law to all rights of depositors against the closed institution relating to claims for deposits so paid by the federal deposit insurance agency to the extent necessary to enable the federal deposit insurance agency, under federal law, to make insurance payments available to depositors of closed institutions.
Arkansas Forms by Issue
Arkansas Law
Arkansas State Laws
> Arkansas State Parks
Arkansas Tax
Arkansas Agencies