1. Regulations
  2. title 12
  3. chapter III-i1
  4. part 359
  5. § 359.2

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