12 CFR § 359.2 - Golden parachute payments prohibited.

---
identifier: "/us/cfr/t12/s359.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 359.2 - Golden parachute payments prohibited."
title_number: 12
title_name: "Banks and Banking"
section_number: "359.2"
section_name: "Golden parachute payments prohibited."
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "359"
part_name: "GOLDEN PARACHUTE AND INDEMNIFICATION PAYMENTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1828(k)."
regulatory_source: "61 FR 5930, Feb. 15, 1996, unless otherwise noted."
cfr_part: "359"
---


# 359.2 Golden parachute payments prohibited.

No insured depository institution or depository institution holding company shall make or agree to make any golden parachute payment, except as provided in this part.