---
kind: "section"
citation: "12 C.F.R. § 380.61"
title: "12"
number: "380.61"
heading: "Appointment of receiver and trustee for covered broker or dealer."
url: "https://uscodex.org/cfr/12/380.61"
---

# §380.61. Appointment of receiver and trustee for covered broker or dealer.


Upon the appointment of the Corporation as receiver for a covered broker or dealer, the Corporation shall appoint SIPC to act as trustee for the covered broker or dealer.


## Notes

### Source

Source: 85 FR 53665, Aug. 31, 2020, unless otherwise noted.

### Authority

Authority: 12 U.S.C. 5385(h); 12 U.S.C. 5389; 12 U.S.C. 5390(s)(3); 12 U.S.C. 5390(b)(1)(C); 12 U.S.C. 5390(a)(7)(D); 12 U.S.C. 5381(b); 12 U.S.C. 5390(r); 12 U.S.C. 5390(a)(16)(D).

### Source

Source: 76 FR 4215, Jan. 25, 2011, unless otherwise noted.