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§ 229.37 Variation by agreement.

12 CFR 229.37

Citation12 CFR 229.37
CorpusDaily eCFR
Displayed edition2026-06-03
Last updated2026-06-03

§ 229.37 Variation by agreement.

The effect of the provisions of subpart C may be varied by agreement, except that no agreement can disclaim the responsibility of a bank for its own lack of good faith or failure to exercise ordinary care, or can limit the measure of damages for such lack or failure; but the parties may determine by agreement the standards by which such responsibility is to be measured if such standards are not manifestly unreasonable.