12 CFR 359.3

§ 359.3 Prohibited indemnification payments.

United States · 12 CFR — Banks and Banking · Status: effective

Cite this

Citation: 12 CFR 359.3, § 359.3 Prohibited indemnification payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/46990
Permanent ID: ys:prov:46990@1
SHA-256: 79db25b29c43953ae02d5244140c7a1cb81a7e66616469c10ae672fba6c703e9

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Full text

No insured depository institution or depository institution holding company shall make or agree to make any prohibited indemnification payment, except as provided in this part.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.