Regulation L

May 14, 2002, 12:15 a.m. EDT 1 Min Read

Regulation L - [12 CFR 212 - Management Official Interlocks] - implements the Depository Institutions Management Interlocks Act. Prohibits a management official of one depository organization from serving simultaneously as a management official of another depository organization if both organizations are not affiliated, or are very large or are located in the same local area.

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