Standards of conduct for agents.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) The employment of agents who are related to directors or employees of the institutions; (2) The solicitation and acceptance of gifts, contributions, or special considerations by agents; and (3) The use of System and borrower information obtained in the course of the agent's work with the institution. (d) (1) A director, officer, employee, shareholder, or agent of a System institution; (2) An independent contractor (including an attorney, appraiser, or accountant) who knowingly or recklessly participates in: (i) A violation of law (including regulations) that is associated with the operations and activities of one or more System institutions; (ii) A breach of fiduciary duty; or (iii) An unsafe practice that causes or is likely to cause more than a minimum financial loss to, or a significant adverse effect on, a System institution; or (3) Any other person, as determined by the Farm Credit Administration (by regulation or on a case-by-case basis) who participates in the conduct of the affairs of a System institution.

official document · source cfr-2024 · id 12:§ 612.2180