### Question
How is the term voluntary dissolution and liquidation defined?


### Answer
The term **voluntary dissolution and liquidation** is defined in *12 U.S.C. § 202* as the following:

> a transaction pursuant to section 181 of this title that involves the assumption of the bank's insured deposit liabilities and the sale of the bank, or of control of the bank, as a going concern

#### Citation:
  - *12 U.S.C. § 202*
  - Heading: **CHAPTER 2-NATIONAL BANKS > SUBCHAPTER XIV-BANK CONSERVATION ACT**

