GroundRules
12 CFR 16.31: Escrow requirement.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER I—COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
- PART 16—SECURITIES OFFERING DISCLOSURE RULES
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON