12 CFR 1412.3

§ 1412.3 Golden parachute payments prohibited.

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

Cite this

Citation: 12 CFR 1412.3, § 1412.3 Golden parachute payments prohibited, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51160
Permanent ID: ys:prov:51160@1
SHA-256: 76a8f35c7959744e28753dfd5057b6084d4a69939e76a8c609b3ad9324ae29b7

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Full text

No System institution shall make or agree to make any golden parachute 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.