12 U.S.C. § 4637 — Notice after separation from service

The resignation, termination of employment or participation, or separation of an entity-affiliated party shall not affect the jurisdiction and authority of the Director to issue any notice and proceed under this subchapter against any such entity-affiliated party , if such notice is served before the end of the 6-year period beginning on the date such entity-affiliated party ceases to be associated with the regulated entity. ( Pub. L. 102–550, title XIII, § 1379 , formerly § 1377, Oct. 28, 1992 , 106 Stat. 3992 ; renumbered § 1379 and amended Pub. L. 110–289, div. A, title I , §§ 1153(a)(1), 1156(b)(1), 1157, July 30, 2008 , 122 Stat. 2770 , 2777.) Editorial Notes Prior Provisions A prior section 1379 of Pub. L. 102–550 was renumbered section 1379B and is classified to section 4639 of this title . Amendments 2008— Pub. L. 110–289, § 1157(4) , which directed the substitution of “regulated entity. ” for “enterprise. ” could not be executed because of the prior amendment by Pub. L. 110–289, § 1156(b)(1) . See below. Pub. L. 110–289, § 1157(3) , which directed the substitution of “entity-affiliated party” for “director or officer” wherever appearing, was executed by making the substitution for “director or executive officer” in two places, to reflect the probable intent of Congress . Pub. L. 110–289, § 1157(2) , which directed the substitution of “an entity-affiliated party” for “a director or executive officer of an enterprise” , was executed by making the substitution for “a director or executive officer of a regulated entity” , to reflect the probable intent of Congress and the prior amendment by Pub. L. 110–289, § 1156(b)(1) . See below. Pub. L. 110–289, § 1157(1) , substituted “6-year” for “2-year”. Pub. L. 110–289, § 1156(b)(1) , substituted “a regulated entity” for “an enterprise” and “the regulated entity” for “the enterprise” . CFR Title Parts 12 1209 24 81

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