12 CFR 303.220 - Scope.
This subpart covers applications under section 19 of the FDI Act ( 12 U.S.C. 1829). Pursuant to section 19, any person who has been convicted of any criminal offense involving dishonesty, breach of trust, or money laundering, or has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such offense, may not become, or continue as, an institution-affiliated party of an insured depository institution; own or control, directly or indirectly, any insured depository institution; or otherwise participate, directly or indirectly, in the conduct of the affairs of any insured depository institution without the prior written consent of the FDIC.
Title 12 published on 2015-12-05.
No entries appear in the Federal Register after this date, for 12 CFR Part 303.