institution-related party

(3) Institution-related party The term “institution-related party” means— (A) a director, officer, employee, or agent for a Farm Credit System institution or any conservator or receiver of such an institution; (B) a stockholder (other than another Farm Credit System institution), consultant, joint venture partner, or any other person determined by the Farm Credit Administration to be a participant in the conduct of the affairs of a Farm Credit System institution; and (C) an independent contractor (including any attorney, appraiser, or accountant) that knowingly or recklessly participates in any violation of any law or regulation, any breach of fiduciary duty, or any unsafe or unsound practice that caused or is likely to cause more than a minimal financial loss to, or a significant adverse effect on, the Farm Credit System institution.

Source

12 USC § 2277a-10b(a)(3)


Scoping language

In this section
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