LIMITED LIABILITY COMPANIES: FDIC Adopts Final Rule on Federal Deposit Insurance Eligibility for State Banks Chartered as Limited Liability Companies (Part 303 of FDIC's Rules and Regulations)

Details

• Publisher's site:
  https://www.fdic.gov/
• Corporate Authors:
  Federal Deposit Insurance Corporation (FDIC)
• Description:
  A new amendment to Part 303 of the FDIC's Rules and Regulations clarifies that a state bank that is chartered as a limited liability company could be considered "incorporated" for the purposes of being eligible for federal deposit insurance.
• Dataset Download URL:
  https://www.fdic.gov/news/financial-institution-letters/2003/fil0313.html
• Format:
  PDF
• Release Date:
  02/13/2003
• Update Date:
  11/13/2018
• Withdrawn Date:
  12/01/2018
• Agencies Involved:
  Federal Deposit Insurance Corporation (FDIC)
• Fdic Employee Involved:
  Michael J. Zamorski
• Related Regulation:
  12 CFR Part 303
• Source:
  FDIC Website
• Memorandum To:
  FDIC-Supervised Banks (Commercial and Savings)
• Effective Date:
  03/17/2003
• FIL Number:
  FIL-13-2003
• Language:
  Eng
• Download URL:
  https://archive.fdic.gov/view/fdic/8581/fdic_8581_DS1.pdf
• File Type:
  [PDF - 697.05 KB]
• Collection(s):
  Inactive Financial Institution Letters (FILs)
• Main Document Checksum:
  urn:sha256:1b3d0ebece578ebc9804e57b1a3a1be194fe8cf1d9c02038348220761ca27974