---
kind: "section"
citation: "12 C.F.R. § 163.200"
title: "12"
number: "163.200"
heading: "Conflicts of interest."
url: "https://uscodex.org/cfr/12/163.200"
---

# §163.200. Conflicts of interest.


If you are a director, officer, or employee of a Federal savings association, or have the power to direct its management or policies, or otherwise owe a fiduciary duty to a Federal savings association:

- (a) You must not advance your own personal or business interests, or those of others with whom you have a personal or business relationship, at the expense of the savings association; and
- (b) **You must, if you have an interest in a matter or transaction before the board of directors—**
  - (1) Disclose to the board all material nonprivileged information relevant to the board's decision on the matter or transaction, including:
    - (i) The existence, nature and extent of your interests; and
    - (ii) The facts known to you as to the matter or transaction under consideration;
  - (2) Refrain from participating in the board's discussion of the matter or transaction; and
  - (3) **Recuse yourself from voting on the matter or transaction (if you are a director).**

## Notes

### Authority

Authority: 12 U.S.C. 1, 93a, 1462a, 1463, 1464, 1467a, 1817, 1820, 1828, 1831o, 3806, 5101 et seq., 5412(b)(2)(B); 31 U.S.C. 5318; 42 U.S.C. 4106.

### Source

Source: 76 FR 49047, Aug. 9, 2011, unless otherwise noted.