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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 12 U.S.C. § 506 Notice after separation from service us united_states_code code_section 12 BANKS AND BANKING 3 FEDERAL RESERVE SYSTEM 506 12 U.S.C. § 506 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc12@119-100.zip /us/usc/t12/s506 data/legal/raw/us/code/title-12/usc12.xml fd94e3febb59738afc6c8f13493a3125f72b0e95650b454227f41a6ddfb65a59 e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 7a017045586dba0c8cbcf8b300472e3b0695d7b302b3424abf0b63057c893dc2 2026-07-04 official
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12 U.S.C. § 506 - Notice after separation from service

Text

The resignation, termination of employment or participation, or separation of an institution-affiliated party (within the meaning of section 1813(u) of this title) with respect to a member bank (including a separation caused by the closing of such a bank) shall not affect the jurisdiction and authority of the Board to issue any notice and proceed under this section against any such party, if such notice is served before the end of the 6-year period beginning on the date such party ceased to be such a party with respect to such bank (whether such date occurs before, on, or after August 9, 1989).

(Dec. 23, 1913, ch. 6, § 19(m), as added Pub. L. 10173, title IX, § 905(g), Aug. 9, 1989, 103 Stat. 461.)

Notes

Editorial Notes

References in TextThis section, referred to in text, means section 19 of act Dec. 23, 1913, which is classified to sections 142, 371b, 371b1, 374, 374a, 461, 463 to 466, 505, and 506 of this title.