50M—Assets available to satisfy liability of nominee
(1) This section
applies if an institution's nominee has a liability under a judgment in, or
settlement of, an abuse claim.
(2) If the nominee is
the trustee of an associated trust of the institution, the nominee may satisfy
the liability out of the assets of the trust and the assets of the
institution.
(3) Otherwise, the
nominee may satisfy the liability out of its assets and the assets of the
institution.