12 CFR § 359.2Chapter III
§ 359.2 Golden parachute payments prohibited.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full 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.
eCFR data current as of: June 12, 2026
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.