[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR612.2302]



[Page 94-95]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 612_STANDARDS OF CONDUCT AND REFERRAL OF KNOWN OR SUSPECTED CRIMINAL 

VIOLATIONS--Table of Contents

 

      Subpart B_Referral of Known or Suspected Criminal Violations

 

Sec. 612.2302  Notification of board of directors and bonding company.



    (a) The institution's board of directors shall be promptly notified 

of any



[[Page 95]]



criminal referral by the institution, except that if the criminal 

referral involves a member of the board of directors, discretion may be 

exercised in notifying such member of the referral.

    (b) The institution involved shall promptly make all required 

notifications under any applicable surety bond or other contract for 

protection.