12 C.F.R. § 1710.16 Prohibition of extensions of credit to board members and executive officers.
Title 12 - Banks and Banking
An Enterprise may not directly or indirectly, including through any subsidiary, extend or maintain credit, arrange for the extension of credit, or renew an extension of credit, in the form of a personal loan to or for any board member or executive officer of the Enterprise as provided by section 402 of the SOA, as amended from time to time. [70 FR 17311, Apr. 6, 2005]
Title 12: Banks and Banking
PART 1710—CORPORATE GOVERNANCE
Subpart B—Corporate Practices and Procedures
§ 1710.16 Prohibition of extensions of credit to board members and executive officers.
