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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. § 4637 Notice after separation from service us united_states_code code_section 12 BANKS AND BANKING 46 GOVERNMENT SPONSORED ENTERPRISES 4637 12 U.S.C. § 4637 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/s4637 data/legal/raw/us/code/title-12/usc12.xml 1de1e65806efbe88d7a3a5af7cb9af84a836b244cd66181e489ddd21e3f457db e6b98700ef4156ac33fde5d105824845d727afa91a53f3762be2cf4d1a3b01fa 69fd557099ff4ac5368e0dd05e8443f3d0f1c2c6887d591aac7836571ccf4b73 2026-07-04 official
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12 U.S.C. § 4637 - Notice after separation from service

Text

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.

(Pub. L. 102550, title XIII, § 1379, formerly § 1377, Oct. 28, 1992, 106 Stat. 3992; renumbered § 1379 and amended Pub. L. 110289, div. A, title I, §§ 1153(a)(1), 1156(b)(1), 1157, July 30, 2008, 122 Stat. 2770, 2777.)

Notes

Editorial Notes

Prior ProvisionsA prior section 1379 of Pub. L. 102550 was renumbered section 1379B and is classified to section 4639 of this title.

Amendments2008—Pub. L. 110289, § 1157(4), which directed the substitution of “regulated entity.” for “enterprise.” could not be executed because of the prior amendment by Pub. L. 110289, § 1156(b)(1). See below. Pub. L. 110289, § 1157(3), which directed the substitution of “entity-affiliated party” for “director or officer” wherever appearing, was executed by making the substitution for “director or executive officer” in two places, to reflect the probable intent of Congress. Pub. L. 110289, § 1157(2), which directed the substitution of “an entity-affiliated party” for “a director or executive officer of an enterprise”, was executed by making the substitution for “a director or executive officer of a regulated entity”, to reflect the probable intent of Congress and the prior amendment by Pub. L. 110289, § 1156(b)(1). See below. Pub. L. 110289, § 1157(1), substituted “6-year” for “2-year”. Pub. L. 110289, § 1156(b)(1), substituted “a regulated entity” for “an enterprise” and “the regulated entity” for “the enterprise”.