1) Insolvency; 2) Not paying debts in a timely manner; 3) Disputes between internal factions (this may include divorce where the parties hold equal shares of equity in the corporation). The creditor upon receiving notification of receivership should determine whether the filing of a claim is necessary.
Electronic Fund Transfers. Electronic banking, also known as electronic fund transfer (EFT), uses computer and electronic technology in place of checks and other paper transactions. EFTs are initiated through devices like cards or codes that let you, or those you authorize, access your account.
DEFINITION of 'Regulation E'. A regulation set forth by the Federal Reserve. Regulation E outlines the rules and procedures for electronic funds transfers (EFTs) and outlines guidelines for those who sell and issue electronic debit cards. Rules pertaining to consumer liability for unauthorized card usage fall under this regulation as well. Next Up.