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§ 376. Rate of interest paid to directors, etc.

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Release point 113-65 · current through 12/20/2013

§ 376.

Rate of interest paid to directors, etc.

No member bank shall pay to any director, officer, attorney, or employee a greater rate of interest on the deposits of such director, officer, attorney, or employee than that paid to other depositors on similar deposits with such member bank.

Source(Dec. 23, 1913, ch. 6, § 22(e), as added Sept. 26, 1918, ch. 177, § 5, 40 Stat. 971.)

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Cite this exact text: /us/usc/?id=id16f427d4-76d8-11e3-aca4-d105d1f48904

Citation URL: /us/usc/t12/s376?release=113-65