---
kind: "section"
citation: "12 C.F.R. § 1237.5"
title: "12"
number: "1237.5"
heading: "Contracts entered into before appointment of a conservator or receiver."
url: "https://uscodex.org/cfr/12/1237.5"
---

# §1237.5. Contracts entered into before appointment of a conservator or receiver.

- (a) The conservator or receiver for any regulated entity may disaffirm or repudiate any contract or lease to which such regulated entity is a party pursuant to [section 1367(d)](/cfr/12/1367.md?p=d) of the Safety and Soundness Act.
- (b) For purposes of [section 1367(d)(2)](/cfr/12/1367.md?p=d-2) of the Safety and Soundness Act, a reasonable period shall be defined as a period of 18 months following the appointment of a conservator or receiver.

## Notes

### Authority

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

### Source

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