12 CFR 1412.1

§ 1412.1 Scope.

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

Cite this

Citation: 12 CFR 1412.1, § 1412.1 Scope, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51158
Permanent ID: ys:prov:51158@1
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Full text

(a) This part limits and/or prohibits, in certain circumstances, the ability of Farm Credit System (System) institutions, their service corporations, subsidiaries and affiliates from making golden parachute and indemnification payments to institution-related parties (IRPs). (b) This part applies to System institutions in a troubled condition that seek to make golden parachute payments to their IRPs. (c) The limitations on indemnification payments apply to all System institutions, their service corporations, subsidiaries and affiliates regardless of their financial health.

Legislative history

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