---
kind: "section"
citation: "12 C.F.R. § 1412.3"
title: "12"
number: "1412.3"
heading: "Golden parachute payments prohibited."
url: "https://uscodex.org/cfr/12/1412.3"
---

# §1412.3. Golden parachute payments prohibited.


No System institution shall make or agree to make any golden parachute payment, except as provided in this part.


## Notes

### Authority

Authority: 12 U.S.C. 2277a-10b.

### Source

Source: 71 FR 7405, Feb. 13, 2006, unless otherwise noted.