{"data":{"id":"us/12-cfr-163.201","jurisdiction":"us","citation":"12 CFR 163.201","heading":"Corporate opportunity.","body":"(a) If you are a director or officer 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, you must not take advantage of corporate opportunities belonging to the savings association.\n(b) A corporate opportunity belongs to a Federal savings association if:\n(1) The opportunity is within the corporate powers of the savings association or a subsidiary of the savings association; and\n(2) The opportunity is of present or potential practical advantage to the savings association, either directly or through its subsidiary.\n(c) The OCC will not deem you to have taken advantage of a corporate opportunity belonging to the Federal savings association if a disinterested and independent majority of the savings association's board of directors, after receiving a full and fair presentation of the matter, rejected the opportunity as a matter of sound business judgment.","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":"98b5f7ccdc446cc15a2121fd94d698cc3743f298903940c823e306a11de57f64","source_id":"us-cfr","stale":true,"prev":"us/12-cfr-163.200","next":"us/12-cfr-168.1"},"notice":"GroundRules: Original legal text. Not legal advice."}