12 CFR 404.35
§ 404.35 Procedure in the event of an adverse ruling.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 404.35, § 404.35 Procedure in the event of an adverse ruling, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47360
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Full text
If the court or other authority declines to stay the effect of the demand in response to a request made in accordance with § 404.34 pending a determination by the General Counsel, or if the court or other authority rules that the demand must be complied with irrespective of the instructions from the General Counsel not to produce the material or disclose the information sought, the Ex-Im Bank personnel upon whom the demand has been made shall respectfully decline to comply with the demand (United States ex rel. Touhy v. Ragen, 340 U.S. 462).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.