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12 CFR § 1412.3 - Golden parachute payments prohibited.

---
identifier: "/us/cfr/t12/s1412.3"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1412.3 - Golden parachute payments prohibited."
title_number: 12
title_name: "Banks and Banking"
section_number: "1412.3"
section_name: "Golden parachute payments prohibited."
chapter_name: "FARM CREDIT SYSTEM INSURANCE CORPORATION"
part_number: "1412"
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. 2277a-10b."
regulatory_source: "71 FR 7405, Feb. 13, 2006, unless otherwise noted."
cfr_part: "1412"
---

# 1412.3 Golden parachute payments prohibited.

No System institution shall make or agree to make any golden parachute payment, except as provided in this part.