12 CFR § 239.31 Mutual Holding Companies (Regulation MM)

§ 239.31 Indemnification; employment contracts.

Current through Oct 1, 2026 · Read all of Part 239

⚠ 1 pending change to Part 239

(a) Restrictions on indemnification. The provisions of § 239.40 shall apply to subsidiary holding companies.

(b) Restrictions on employment contracts. The provisions of § 239.41 and any policies of the Board thereunder shall apply to subsidiary holding companies.

← § 239.30 Annual reports; books and records.§ 239.40 Indemnification of directors, officers and employees. →