United States: Georgia Court Of Appeals Affirms Trial Court’s Interlocutory Injunction Finding That A Minority Participant May Remove The Lead Bank In A Participated Loan Assigned By The FDIC As Receiver – Stites & Harbison PLLC

Banks which have been assigned the lead position in a participated loan from the FDIC as Receiver for a failed bank have traditionally relied upon 12 U.S.C. § 1821(e)(13) to protect against “ipso facto” clauses.