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§ 359.2 Golden parachute payments prohibited.

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Title 12 CFR: Banks and Banking › Chapter III: FEDERAL DEPOSIT INSURANCE CORPORATION › Part 359: GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS › § 359.2: § 359.2 Golden parachute payments prohibited.

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

No insured depository institution or depository institution holding company shall make or agree to make any golden parachute payment, except as provided in this part.

This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.

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