12 CFR 1231.1 - Purpose.

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§ 1231.1 Purpose.

The purpose of this part is to implement section 1318(e) of the Safety and Soundness Act ( 12 U.S.C. 4518(e)) by setting forth the standards that the Director will take into consideration in determining whether to limit or prohibit golden parachute payments and by setting forth prohibited and permissible indemnification payments that regulated entities and the Office of Finance may make to entity-affiliated parties.

[ 79 FR 4398, Jan. 28, 2014]

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United States Code