As FDIC has power to enter into contracts on behalf of banks in recievership, third party cannot terminate sublease agreement based on the transfer of the agreement from the bank to the FDIC.
(Quick summary prepared from first page.)
Recent Precedential Slip Opinions from the U.S. Circuit Courts of Appeals.
Friday, November 30, 2012
Eleventh Circuit -- Iberiabank v. Beneva 41-1, LLC, et al.
As FDIC has power to enter into contracts on behalf of banks in recievership, third party cannot terminate sublease agreement based on the transfer of the agreement from the bank to the FDIC.
(Quick summary prepared from first page.)
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