---
kind: "section"
citation: "12 C.F.R. § 1237.13"
title: "12"
number: "1237.13"
heading: "Payment of Securities Litigation Claims while in conservatorship."
url: "https://uscodex.org/cfr/12/1237.13"
---

# §1237.13. Payment of Securities Litigation Claims while in conservatorship.

- (a) **Payment of Securities Litigation Claims while in conservatorship.** The Agency, as conservator, will not pay a Securities Litigation Claim against a regulated entity, except to the extent the Director determines is in the interest of the conservatorship.
- (b) **Claims against limited-life regulated entities.** A limited-life regulated entity shall not assume, acquire, or succeed to any obligation that a regulated entity for which a receiver has been appointed may have to any shareholder of the regulated entity that arises as a result of the status of that person as a shareholder of the regulated entity, including any Securities Litigation Claim. No creditor of the regulated entity shall have a claim against a limited-life regulated entity unless the receiver has transferred that liability to the limited-life regulated entity. The charter of the regulated entity, or of the limited-life regulated entity, is not an asset against which any claim can be made by any creditor or shareholder of the regulated entity.

## Notes

### Authority

Authority: 12 U.S.C. 4513b, 4526, 4617.

### Source

Source: 76 FR 35733, June 20, 2011, unless otherwise noted.