Regulations last checked for updates: Jun 16, 2025

Title 12 - Banks and Banking last revised: May 21, 2025
All TitlesTitle 12Chapter XIIPart 1239Subpart D - Subpart D—Enterprise Specific Requirements
View all text of Subpart D [§ 1239.20 - § 1239.21]
§ 1239.21 - Compensation of Enterprise board members.

Each Enterprise may pay its directors reasonable and appropriate compensation for the time required of them, and their necessary and reasonable expenses, in the performance of their duties.

authority: 12 U.S.C. 1426,1427,1432,1436,1440,4511,4513,4513,4526,and.S.C. 78
source: 80 FR 72336, Nov. 19, 2015, unless otherwise noted.
cite as: 12 CFR 1239.21
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