§ 3024. Conflict of interest rules; adoption and publication; requirements
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/usc/title-12/section-3024A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Board of Directors shall adopt and publish its own conflict of interest rules which shall be no less stringent in effect than the Federal Executive conflict of interest rules contained in Executive Order Numbered 11222 in prohibiting participation or action or the use of inside information for personal advantage on any matter involving a corporation, trust, partnership, or cooperative organization in which a board member, officer, or employee holds a substantial financial interest or holds a position as board member or senior officer, the activities of which organization might be relevant to, be competitive with, or be inconsistent with the objectives of any bank created under this chapter.
These rules shall require—
(1)each nominee for elected membership on the Board established under this chapter to make public and file with the election official before the date of election a statement of his financial interest and position, if any, in such organizations; and
(2)each senior executive officer and appointed member of the Board to file with the appointing officer, before entering that office a statement of his financial interest and position, if any, in such organizations, which shall be available for inspection upon request.
(Pub. L. 95–351, title I, § 114, Aug. 20, 1978, 92 Stat. 510; Pub. L. 97–35, title III, § 396(f), Aug. 13, 1981, 95 Stat. 440.)
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U.S. Code
statutes-at-large
- Public Law 97–35To provide for reconciliation pursuant to section 301 of the first concurrent resolution on the budget for the fiscal year 1982
- Public Law 95–351To provide for consumers a further means of minimizing the impact of inflation and economic depression by narrowing the price spread between costs to the producer and the consumer of needed goods, services, facilities, and commodities through the development and funding of specialized credit sources
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- Pub. L. 95–351, title I, § 114
- 92 Stat. 510
- Pub. L. 97–35, title III, § 396(f)
- 95 Stat. 440
- Pub. L. 97–35
- section 396(i) of Pub. L. 97–35
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§ 3024
Conflict of interest rules; adoption and publication; requirements
Stat.×3
U.S.C.×1
Pub. L.Pub. L. 95–351, title I, § 114
Stat.92 Stat. 510
Pub. L.Pub. L. 97–35, title III, § 396(f)
Stat.95 Stat. 440
Pub. L.Pub. L. 97–35
Cites 8 · showing 7Cited by 4 across 2 sources