Check Reg. O - I made the following addition to my Reg. O (from Dodd-Frank Act) policy earlier this year:
SALES AND PURCHASES INVOLVING INSIDERS: The Bank will comply with the requirements effective July 21, 2011, which generally prohibit purchases and sales of assets from any executive officer, director, or principal shareholder or any related interest of such person unless the transaction is on market terms and, if the transaction represents more than 10 percent of the capital stock and surplus of the insured depository institution, the transaction has been approved in advance by a majority of the members of the board of directors of the insured depository institution who do not have an interest in the transaction.