# Golden Parachute and Indemnification Payments; Technical Correction
> **US National Credit Union Administration** · Final rule. · Published 2011-11-30 · Effective 2011-11-30 · 76 FR 73994
## Document
- **Document number:** 2011-30313
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 76 FR 73994
- **CFR reference:** 12 CFR 750
- **Publication date:** 2011-11-30
- **Effective date:** 2011-11-30
## Abstract

NCUA is finalizing an interim rule to make a technical correction to its rule restricting a federally insured credit union (FICU) from making golden parachute and indemnification payments to an institution-affiliated party (IAP). The amendment corrects an exception to the definition of golden parachute payment pertaining to plans offered under section 457 of the Internal Revenue Code. The interim final rule became effective on June 27, 2011. This rulemaking finalizes the interim rule without change.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2011/11/30/2011-30313/golden-parachute-and-indemnification-payments-technical-correction)
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