# ASC 852-10-60: Reorganizations — Overall — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/852/10/#60-relationships)

Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.

Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure.

Source downloaded (UTC): 2026-09-10T02:03:22.162Z to 2026-09-10T02:03:22.162Z

Record version: sha256:d2f46483446436e0dbb89c18b9f6dcd90a609a104c0776f15be12245fe63a946

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 852-10-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/852/10/#60-relationships)

SEC content: no

#### Financial Services—Depository and Lending

##### [852-10-60-1](https://asc.understandingaccounting.org/asc/852/10/#852-10-60-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T02:03:22.162Z to 2026-09-10T02:03:22.162Z

Record version: sha256:803aa792734ae46aea8aa8fb646b5bfda3c5da3353862d514a58e1a738b1046d

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


For the required financial statement reporting of a [liquidating bank](https://asc.understandingaccounting.org/glossary/l/#liquidating-bank "A bank with a substantial amount of nonperforming assets may transfer some or all of those assets to a newly created bank whose stock will be distributed to existing shareholders or to new investors. The newly created bank will be a liquidating bank; that is, it will manage the assets it receives and collect cash from loan repayments or dispositions of assets. All cash remaining after paying expenses and debt service, if any, will be distributed to the shareholders of the liquidating bank. The liquidating bank will likely be in the process of liquidation for several years."), see Subtopic 205-30.