[Code of Federal Regulations]
[Title 12, Volume 2]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR215.6]

[Page 431]
 
                       TITLE 12--BANKS AND BANKING
 
                   CHAPTER II--FEDERAL RESERVE SYSTEM
 
PART 215--LOANS TO EXECUTIVE OFFICERS, DIRECTORS, AND PRINCIPAL SHAREHOLDERS OF MEMBER BANKS (REGULATION O)--Table of Contents
 
Subpart A--Loans by Member Banks to Their Executive Officers, Directors, 
                       and Principal Shareholders
 
Sec. 215.6  Prohibition on knowingly receiving unauthorized extension of credit.

    No executive officer, director, or principal shareholder of a member 
bank or any of its affiliates shall knowingly receive (or knowingly 
permit any of that person's related interests to receive) from a member 
bank, directly or indirectly, any extension of credit not authorized 
under this part.