Regulation of Golden Parachutes and Other Benefits Which May Be Subject to Misuse
FDIC · final-rule · Published 1996-02-15 · 61 FR 5926
Document
Document number
96-3273
Federal Register citation
61 FR 5926
CFR reference
12 CFR 303
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Federal Deposit Insurance Corporation
Publication date
1996-02-15
Abstract
The FDIC is adopting a rule limiting golden parachute and indemnification payments to institution-affiliated parties by insured depository institutions and depository institution holding companies. The purpose of this rule is to prevent the improper disposition of institution assets and to protect the financial soundness of insured depository institutions, depository institution holding companies, and the federal deposit insurance funds.