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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 12 - Banks and Banking |
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Chapter II - Federal Reserve System |
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SubChapter A - Board of Governors of the Federal Reserve System |
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Part 238 - Savings and Loan Holding Companies (Regulation LL) |
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Subpart J - Management Official Interlocks |
§ 238.99 - Interlocking relationships permitted pursuant to Federal Deposit Insurance Act.
Latest version.
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§ 238.99 Interlocking relationships permitted pursuant to Federal Deposit Insurance Act.
A management official or prospective management official of a depository organization may enter into an otherwise prohibited interlocking relationship with another depository organization for a period of up to 10 years if such relationship is approved by the Federal Deposit Insurance Corporation pursuant to section 13(k)(1)(A)(v) of the Federal Deposit Insurance Act, as amended (12 U.S.C. 1823(k)(1)(A)(v)).