---
kind: "section"
citation: "12 C.F.R. § 750.2"
title: "12"
number: "750.2"
heading: "Golden parachute payments prohibited."
url: "https://uscodex.org/cfr/12/750.2"
---

# §750.2. Golden parachute payments prohibited.


A federally insured credit union must not make or agree to make any golden parachute payment, except as permitted by this part.


## Notes

### Authority

Authority: 12 U.S.C. 1786(t).

### Source

Source: 76 FR 30517, May 26, 2011, unless otherwise noted.