First Savings & Loan Ass'n v. First Federal Savings & Loan Ass'n

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that section 1464(d)(6)(C) precludes a court from issuing an injunction ordering the purchaser of the assets of a failed savings and loan association to restore those assets to the receiver of the failed institution
• Regulations promulgated under section 1729(d) give the receiver power to exercise all \rights and powers of such institution\
• Regulations promulgated under section 1729(d) give the receiver power to exercise all \rights and powers of such institution\
• § 1464(d)(6)(C) prohibits a court from adjudicating plaintiff's request to restore its assets sold by FSLIC
• application for injunction to enjoin the FSLIC as receiver of a failed institution to restore the failed institution’s assets dismissed pursuant to § 1464(d)(6)(C)
• “When a receiver is appointed for a corporation, the corporation’s management loses the power to run its affairs and the receiver obtains all of the corporation’s powers and assets.”

Source: CourtListener parenthetical corpus (CC0).