Legal Definitions - termination proceeding

A termination proceeding is an administrative action taken to end a person's or entity's status or relationship. This can happen for various reasons, such as a violation of laws or regulations.

For example, under the International Banking Act, the International Banking Board has the authority to initiate a termination proceeding if a foreign bank or its U.S. agency or branch is found guilty of money-laundering. This means that the bank's status or relationship with the U.S. may be terminated as a result of their illegal actions.

Another example could be a termination proceeding initiated by an employer against an employee who has repeatedly violated company policies or engaged in misconduct. In this case, the employee's employment status may be terminated as a result of their actions.

Overall, termination proceedings are a way for authorities to take action against individuals or entities who have violated laws or regulations, and to end their status or relationship as a consequence.