§2279aa–13. Authority to issue obligations to cover guarantee losses of Corporation — Inbound Citations
12 U.S.C. § 2279aa–13
Cited by 4 provisions in release 119-102.
Citations to 12 U.S.C. § 2279aa–13 as a whole
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(2) The Corporation may not issue obligations to the Secretary of the Treasury under section 2279aa–13 of this title in order to meet the obligations of the Corporation with respect to any guarantees provided under this subchapter until the reserve established under paragraph (1) has been exhausted.
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(3) No dividend may be declared or paid by the Board under this section while any obligation issued by the Corporation to the Secretary of the Treasury under section 2279aa–13 of this title remains outstanding.
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(A) first, to reduce the amount of any principal outstanding on any obligation of the Corporation that was purchased by the Secretary of the Treasury under section 2279aa–13 of this title to the extent the proceeds of such obligation were used to make guarantees in connection with such securities; and
Citations to §2279aa–13(a)
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(C) The Corporation may not issue obligations pursuant to paragraph (2) under this subsection while any obligation issued by the Corporation under section 2279aa–13(a) of this title remains outstanding.