12 U.S.C. § 4637 — Notice after separation from service
submitted 34 years ago by Pub. L. 102-550 to r/title-12-BANKS-AND-BANKING · 64 words · no verdicts yet
Leaving a regulated entity does not end the Director’s authority over an entity-affiliated party if notice is served within six years after the party ceases to be associated with the entity.
The resignation, termination of employment or participation, or separation of an entity-affiliated party* must not affect the jurisdiction and authority of the Director* to issue any notice and proceed under this subchapter against any such entity-affiliated party, if such notice is served before the end of the 6-year period beginning on the date such entity-affiliated party ceases to be associated with the regulated entity*.
The resignation, termination of employment or participation, or separation of an entity-affiliated party* shall not affect the jurisdiction and authority of the Director* to issue any notice and proceed under this subchapter against any such entity-affiliated party, if such notice is served before the end of the 6-year period beginning on the date such entity-affiliated party ceases to be associated with the regulated entity*.
Source credit: (Pub. L. 102–550, title XIII, § 1379, formerly § 1377, Oct. 28, 1992, 106 Stat. 3992; renumbered § 1379 and amended Pub. L. 110–289, div. A, title I, §§ 1153(a)(1), 1156(b)(1), 1157, July 30, 2008, 122 Stat. 2770, 2777.)
- 1992Enacted · Pub. L. 102-550 · 106 Stat. 3992
- 2008Amended · Pub. L. 110-289 · 122 Stat. 2770, 2777
A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-550 on 1992-10-28.
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