---
kind: "section"
citation: "5 C.F.R. § 919.405"
title: "5"
number: "919.405"
heading: "May I enter into a covered transaction with a participant if a principal of the transaction is excluded?"
url: "https://uscodex.org/cfr/5/919.405"
---

# §919.405. May I enter into a covered transaction with a participant if a principal of the transaction is excluded?


As an agency official, you may not enter into a covered transaction with a participant if you know that a principal of the transaction is excluded, unless you obtain an exception under [§ 919.120](/cfr/5/919.120.md).


## Notes

### Authority

Authority: Sec. 2455, Pub. L. 103-355, 108 Stat. 3327; E.O. 12549, 3 CFR, 1986 Comp., p.189; E.O. 12689, 3 CFR, 1989 Comp., p.235.

### Source

Source: 68 FR 66544, 66561, Nov. 26, 2003, unless otherwise noted. Redesignated at 68 FR 74161, Dec. 23, 2003.