# 12 C.F.R. § 1412.3 (2026): Golden parachute payments prohibited

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_3

## Section

- **Citation:** 12 C.F.R. § 1412.3 (2026)
- **Heading:** Golden parachute payments prohibited
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter XIV: FARM CREDIT SYSTEM INSURANCE CORPORATION / Part 1412: GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS / § 1412.3: § 1412.3   Golden parachute payments prohibited.

## Text

No System institution shall make or agree to make any golden parachute payment, except as provided in this part.

## Nearby sections

- [12 C.F.R. § 1412.1 (2026) § 1412.1   Scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_1.md)
- [12 C.F.R. § 1412.2 (2026) § 1412.2   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_2.md)
- [12 C.F.R. § 1412.3 (2026) § 1412.3   Golden parachute payments prohibited.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_3.md)
- [12 C.F.R. § 1412.4 (2026) § 1412.4   Prohibited indemnification payments.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_4.md)
- [12 C.F.R. § 1412.5 (2026) § 1412.5   Permissible golden parachute payments.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_5.md)
- [12 C.F.R. § 1412.6 (2026) § 1412.6   Permissible indemnification payments.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_6.md)
- [12 C.F.R. § 1412.7 (2026) § 1412.7   Filing instructions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_7.md)
- [12 C.F.R. § 1412.8 (2026) § 1412.8   Application in the event of receivership.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_8.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P1412_S1412_3. Check the current official text before relying on it. Not legal advice.