---
kind: "section"
citation: "12 C.F.R. § 359.2"
title: "12"
number: "359.2"
heading: "Golden parachute payments prohibited."
url: "https://uscodex.org/cfr/12/359.2"
---

# §359.2. Golden parachute payments prohibited.


No insured depository institution or depository institution holding company shall make or agree to make any golden parachute payment, except as provided in this part.


## Notes

### Authority

Authority: 12 U.S.C. 1828(k).

### Source

Source: 61 FR 5930, Feb. 15, 1996, unless otherwise noted.