§ 506. — Notice after separation from service.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 12USC506]
TITLE 12--BANKS AND BANKING
CHAPTER 3--FEDERAL RESERVE SYSTEM
SUBCHAPTER XVI--CIVIL LIABILITY OF FEDERAL RESERVE AND MEMBER BANKS,
SHAREHOLDERS, AND OFFICERS
Sec. 506. Notice after separation from service
The resignation, termination of employment or participation, or
separation of an institution-affiliated party (within the meaning of
section 1813(u) of this title) with respect to a member bank (including
a separation caused by the closing of such a bank) shall not affect the
jurisdiction and authority of the Board to issue any notice and proceed
under this section against any such party, if such notice is served
before the end of the 6-year period beginning on the date such party
ceased to be such a party with respect to such bank (whether such date
occurs before, on, or after August 9, 1989).
(Dec. 23, 1913, ch. 6, Sec. 19(m), as added Pub. L. 101-73, title IX,
Sec. 905(g), Aug. 9, 1989, 103 Stat. 461.)
References in Text
This section, referred to in text, means section 19 of act Dec. 23,
1913, as amended, which is classified to sections 142, 371a, 371b, 371b-
1, 374, 374a, 461, 463 to 466, 505, and 506 of this title.
