Statute · United States Code
12 U.S.C. § 376 — Rate of interest paid to directors, etc.
12 U.S.C. § 376
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- employee-benefits-and-executive-compensation
No member bank shall pay to any director, officer, attorney, or employee a greater rate of interest on the deposits of such director, officer, attorney, or employee than that paid to other depositors on similar deposits with such member bank.
Citator
12 U.S.C. § 376 — Rate of interest paid to directors, etc. is in force in the current edition of the Code, and nothing recorded condemns it.
No member bank shall pay to any director, officer, attorney, or employee a greater rate of interest on the deposits of such director, officer, attorney, or employee than that paid to other depositors on similar deposits with such member bank.