---
kind: "section"
citation: "12 C.F.R. § 360.4"
title: "12"
number: "360.4"
heading: "Administrative expenses."
url: "https://uscodex.org/cfr/12/360.4"
---

# §360.4. Administrative expenses.


The priority for administrative expenses of the receiver, as that term is used in section 11(d)(11) of the Act ([12 U.S.C. 1821(d)(11)](/usc/12/1821.md?p=d-11), shall include those necessary expenses incurred by the receiver in liquidating or otherwise resolving the affairs of a failed insured depository institution. Such expenses shall include pre-failure and post-failure obligations that the receiver determines are necessary and appropriate to facilitate the smooth and orderly liquidation or other resolution of the institution.


## Notes

### Amendments

[60 FR 35488, July 10, 1995]

### Authority

Authority: 12 U.S.C. 1811 et seq., 1817(a)(2)(B), 1817(b), 1818(a)(2), 1818(t), 1819(a) Seventh, Eighth, Ninth, and Tenth, 1820(b)(3) and (4), 1820(g), 1821(d)(1), (4), (10)(C), and (11), 1821(e)(1) and (8)(D)(i), 1821(f)(1), 1823(c)(4), and 1823(e)(2).

### Amendments

[60 FR 35488, July 10, 1995]