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§ 376. Rate of interest paid to directors, etc

Type Statute

Publication 2025-12-03

State In force

Department United States Congress

Source OLRC

articles 2

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§ 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.

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

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