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Code · CFR · Title 12 — Banks and Banking · Part 16 — Securities Offering Disclosure Rules · § 16.31

§ 16.31. Escrow requirement.

44 words·~1 min read·/us/cfr/t12/s§ 16.31·

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The OCC may require that any funds received in connection with an offer or sale of securities be held in an independent escrow account at an unrelated insured depository institution when the use of an escrow account is in the best interests of shareholders.
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