Compiled February, 2014
Our review of the annotated history for Title 12, United States Code section 1823 reveals the following legislative history. Each public law (hereinafter referred to as Pub.L.) represents a separate congressional enactment or bill.
Added: Sept. 21, 1950, ch. 967, § 2[13], 64 Stat. 888
Amended:
• Pub.L. 97–320, title I, §§ 111, 113(m), 116 and 141(a)(1), (3), title II, §§ 203 and 206, October 15, 1982, 96 Stat. 1469, 1474, 1476, 1488, 1489, 1492, 1496
• Pub.L. 97–457, §§ 1(a), 4 and 10(a), January 12, 1983, 96 Stat. 2507, 2508
• Pub.L. 98–29, § 1(a), May 16, 1983, 97 Stat. 189
• Pub.L. 100–86, title V, §§ 502(a)–(g), (i) and 509(a), title VIII, § 801, August 10, 1987, 101 Stat. 623–627, 629, 635, 656
• Pub.L. 101–73, title II, §§ 201(a) and 217, August 9, 1989, 103 Stat. 187, 254: Subsec. (e). Pub.L. 101–73, § 217(4), added subsec. (e) and struck out former subsec. (e) which read as follows: “No agreement which tends to diminish or defeat the right, title or interest of the Corporation in any asset acquired by it under this section, either as security for a loan or by purchase, shall be valid against the Corporation unless such agreement (1) shall be in writing, (2) shall have been executed by the bank and the person or persons claiming an adverse interest thereunder, including the obligor, contemporaneously with the acquisition of the asset by the bank, (3) shall have been approved by the board of directors of the bank or its loan committee, which approval shall be reflected in the minutes of said board or committee, and (4) shall have been, continuously, from the time of its execution, an official record of the bank.”
• Pub.L. 102–242, title I, §§ 123(b) and 141(a)(1), (e), December 19, 1991, 105 Stat. 2252, 2273, 2278
• Pub.L. 103–325, title III, § 317, title VI, § 602(a)(34)–(42), September 23, 1994, 108 Stat. 2223, 2289, 2290: Subsec. (e). Pub.L. 103–325, § 317, designated existing provisions as par. (1) and inserted heading, redesignated former pars. (1) to (4) as subpars. (A) to (D) of par. (1), respectively, and added par. (2)
• Pub.L. 104–208, div. A, title II, § 2704(d)(14)(M), September 30, 1996, 110 Stat. 3009–492
• Pub.L. 109–8, title IX, § 909, April 20, 2005, 119 Stat. 183: Subsec. (e)(2). Pub.L. 109–8 amended heading and text of par. (2) generally. Prior to amendment, text read as follows: “An agreement to provide for the lawful collateralization of deposits of a Federal, State, or local governmental entity or of any depositor referred to in section 1821(a)(2) of this title shall not be deemed to be invalid pursuant to paragraph (1)(B) solely because such agreement was not executed contemporaneously with the acquisition of the collateral or with any changes in the collateral made in accordance with such agreement.”
• Pub.L. 109–171, title II, § 2102(b), February 8, 2006, 120 Stat. 9
• Pub.L. 109–173, §§ 3(a)(8) and 8(a)(19), February 15, 2006, 119 Stat. 3606, 3613
• Pub.L. 110–343, div. A, title I, § 126(c), October 3, 2008, 122 Stat. 3795
• Pub.L. 111–22, div. A, title II, § 204(d), May 20, 2009, 123 Stat. 1650
• Pub.L. 111–203, title III, § 363(6), title XI, § 1106(b), July 21, 2010, 124 Stat. 1553, 2125
15 public laws affected your section of interest.
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