12 USC 2264 - Suspension or removal of director or officer

U.S Code last checked for updates: Apr 26, 2024

§ 2264.

Suspension or removal of director or officer

(a)

Written notice of intention to remove; violation of law, rule, regulation, or final cease and desist order; unsafe or unsound practice; breach of fiduciary duty

(b)

Written notice of intention to remove or suspend director, officer or other person; personal dishonesty; willful or continuing disregard; unfitness to continue in office or to participate in affairs of institution

(c)

Suspension from office; prohibition from further participation in conduct of affairs of institution; service of notice

(d)

Statement of grounds for removal or prohibition; notice and hearing; order of suspension, removal or prohibition; service of order

(e)

Stay of suspension or prohibition

(Pub. L. 92–181, title V, § 5.28, as added Pub. L. 99–205, title II, § 204, Dec. 23, 1985, 99 Stat. 1696; amended Pub. L. 100–233, title VIII, § 805(aa), Jan. 6, 1988, 101 Stat. 1717; Pub. L. 100–399, title VII, § 702(d), Aug. 17, 1988, 102 Stat. 1006.)

cite as: 12 USC 2264