{"data":{"id":"us/12-cfr-163.200","jurisdiction":"us","citation":"12 CFR 163.200","heading":"Conflicts of interest.","body":"If you are a director, officer, or employee of a Federal savings association, or have the power to direct its management or policies, or otherwise owe a fiduciary duty to a Federal savings association:\n(a) You must not advance your own personal or business interests, or those of others with whom you have a personal or business relationship, at the expense of the savings association; and\n(b) You must, if you have an interest in a matter or transaction before the board of directors:\n(1) Disclose to the board all material nonprivileged information relevant to the board's decision on the matter or transaction, including:\n(i) The existence, nature and extent of your interests; and\n(ii) The facts known to you as to the matter or transaction under consideration;\n(2) Refrain from participating in the board's discussion of the matter or transaction; and\n(3) Recuse yourself from voting on the matter or transaction (if you are a director).","path":["Title 12—Banks and Banking","CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY","PART 163—SAVINGS ASSOCIATIONS—OPERATIONS","Subpart G—Reporting and Bonding"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-12.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:16Z","sha256":"e336d51c7d923d376a58874e593e46e287f5f02d526a644445923ffb61349575","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-163.180","next":"us/12-cfr-163.201"},"notice":"GroundRules: Original legal text. Not legal advice."}