Section 126

Where, by virtue of a transfer instrument, another member institution or a bridge institution succeeds to any action, suit or proceeding by or against a member institution (whether judicial, administrative or regulatory), the proceeding may not be continued by any party other than that institution as successor unless it has been given ninety days’ notice of the proposed continuance of such proceeding, and if the time allowed for taking any step in the proceeding would expire prior to the end of that notice period then, notwithstanding any other law to the contrary, that time shall be deemed to be extended until the fifth business day following the end of the notice period.