Regulations last checked for updates: Nov 22, 2024

Title 12 - Banks and Banking last revised: Nov 20, 2024
All TitlesTitle 12Chapter IIIPart 359 - PART 359—GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS
View all text of Part 359 [§ 359.0 - § 359.7]
§ 359.2 - Golden parachute payments prohibited.

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.

authority: 12 U.S.C. 1828(k)
source: 61 FR 5930, Feb. 15, 1996, unless otherwise noted.
cite as: 12 CFR 359.2
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