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§ 4621. —  Liability protection for conservators.



[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
  January 24, 2002 and December 19, 2002]
[CITE: 12USC4621]

 
                       TITLE 12--BANKS AND BANKING
 
              CHAPTER 46--GOVERNMENT SPONSORED ENTERPRISES
 
   SUBCHAPTER II--REQUIRED CAPITAL LEVELS FOR ENTERPRISES AND SPECIAL 
                           ENFORCEMENT POWERS
 
Sec. 4621. Liability protection for conservators


(a) Federal agencies and employees

    In any case in which a conservator appointed under this subchapter 
is a Federal agency or an officer or employee of the Federal Government, 
the provisions of chapters 161 and 171 of title 28 shall apply with 
respect to the liability of the conservator for acts or omissions 
performed pursuant to and in the course of the duties and 
responsibilities of the conservatorship.

(b) Other conservators

    In any case where the conservator is not a conservator described in 
subsection (a) of this section, the conservator shall not be personally 
liable for damages in tort or otherwise for acts or omissions performed 
pursuant to and in the course of the duties and responsibilities of the 
conservatorship, unless such acts or omissions constitute gross 
negligence or any form of intentional tortious conduct or criminal 
conduct.

(c) Indemnification

    The Director, with the approval of the Attorney General, may 
indemnify the conservator on such terms as the Director considers 
appropriate.

(Pub. L. 102-550, title XIII, Sec. 1369B, Oct. 28, 1992, 106 Stat. 
3984.)

                  Section Referred to in Other Sections

    This section is referred to in section 4620 of this title.



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