12 USC 376: Rate of interest paid to directors, etc.
Text contains those laws in effect on November 20, 2024
From Title 12-BANKS AND BANKINGCHAPTER 3-FEDERAL RESERVE SYSTEMSUBCHAPTER X-POWERS AND DUTIES OF MEMBER BANKS
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§376. Rate of interest paid to directors, etc.
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.
(Dec. 23, 1913, ch. 6, §22(e), as added Sept. 26, 1918, ch. 177, §5,