---
kind: "section"
citation: "12 C.F.R. § 612.2302"
title: "12"
number: "612.2302"
heading: "Notification of board of directors and bonding company."
url: "https://uscodex.org/cfr/12/612.2302"
---

# §612.2302. Notification of board of directors and bonding company.

- (a) The institution's board of directors shall be promptly notified of any criminal referral by the institution, except that if the criminal referral involves a member of the board of directors, discretion may be exercised in notifying such member of the referral.
- (b) The institution involved shall promptly make all required notifications under any applicable surety bond or other contract for protection.

## Notes

### Source

Source: 62 FR 24566, May 6, 1997, unless otherwise noted. Redesignated at 69 FR 10907, Mar. 9, 2004.

### Authority

Authority: Secs. 5.9, 5.17, 5.19, 5.31A of the Farm Credit Act of 1971, as amended, (Act) (12 U.S.C. 2243, 2252, 2254, 2267a); Sec. 514 of Pub. L. 102-552, 106 Stat. 4102.

### Source

Source: 59 FR 24894, May 13, 1994, unless otherwise noted.