12 USC 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, 40 Stat. 971.)

Sections:  Previous  372  373  374  374a  375  375a  375b  376  378  391  391a  392  393  394  395  Next

Last modified: October 26, 2015