1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter I - COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
  4. Part 16 - SECURITIES OFFERING DISCLOSURE RULES
  5. 12 CFR § 16.31
12 CFR § 16.31
Escrow requirement
November 10, 2020
CFR

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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§ 16.30 Request for interpretive advice or no-objection letter
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§ 16.32 Fraudulent transactions and unsafe or unsound practices

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