employee

(4)For purposes of this subsection, the term “employee” means any employee— (A)who is employed exclusively by the insured depository institution; (B)whose compensation is primarily in the form of a salary; (C)who does not share such employee’s compensation with a deposit broker; and (D)whose office space or place of business is used exclusively for the benefit of the insured depository institution which employs such individual. (h)An insured depository institution that is undercapitalized, as defined in section 1831of this title, shall not solicit deposits by offering rates of interest that are significantly higher than the prevailing rates of interest on insured deposits—

Source

12 USC § 1831f(g)(4)


Scoping language

None: Default is title Scope
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