
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 12USC506]

 
                       TITLE 12--BANKS AND BANKING
 
                    CHAPTER 3--FEDERAL RESERVE SYSTEM
 
  SUBCHAPTER XVI--CIVIL LIABILITY OF FEDERAL RESERVE AND MEMBER BANKS, 
                       SHAREHOLDERS, AND OFFICERS
 
Sec. 506. Notice after separation from service

    The resignation, termination of employment or participation, or 
separation of an institution-affiliated party (within the meaning of 
section 1813(u) of this title) with respect to a member bank (including 
a separation caused by the closing of such a bank) shall not affect the 
jurisdiction and authority of the Board to issue any notice and proceed 
under this section against any such party, if such notice is served 
before the end of the 6-year period beginning on the date such party 
ceased to be such a party with respect to such bank (whether such date 
occurs before, on, or after August 9, 1989).

(Dec. 23, 1913, ch. 6, Sec. 19(m), as added Pub. L. 101-73, title IX, 
Sec. 905(g), Aug. 9, 1989, 103 Stat. 461.)

                       References in Text

    This section, referred to in text, means section 19 of act Dec. 23, 
1913, as amended, which is classified to sections 142, 371a, 371b, 371b-
1, 374, 374a, 461, 463 to 466, 505, and 506 of this title.
