12 CFR 750.3

§ 750.3 Prohibited indemnification payments.

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

Cite this

Citation: 12 CFR 750.3, § 750.3 Prohibited indemnification payments, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48949
Permanent ID: ys:prov:48949@1
SHA-256: 8c03a92ded63d9dc510f4a10e22ac26b34a3882de5ae1bb9a98e3a49fc681f01

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

A federally insured credit union must not make or agree to make any prohibited indemnification payment, except as permitted by this chapter. 1 1 The provisions in this part 750 control to the extent of any inconsistency with § 701.33 of this chapter.

Legislative history

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