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

Version history — every release point where this text changed

Release point 116-33 · current through 07/25/2019

§ 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=idce5a4014-b211-11e9-9e08-c54bc916790e

Citation URL: /us/usc/t12/s376?release=116-33