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An software shall be deemed permitted In case the Board fails to act on the appliance within just 91 calendar days following the date of submission on the Board of the whole report on the applying.
The eCFR is exhibited with paragraphs split and indented to Keep to the hierarchy on the doc. This is often an automated method for person ease only and isn't intended to alter company intent or present codification.
The Board might waive or shorten the demanded see periods less than this area Should the Board establishes that an emergency exists necessitating expeditious motion around the proposal, or If your Board finds that fast motion is important to prevent the possible failure of the insured depository establishment. (d) Community comment
) Would qualify being an unbiased director underneath the listing requirements of the nationwide securities exchange, as demonstrated towards the fulfillment on the Board, Should the covered discounts and bank loan holding enterprise doesn't have An excellent course of securities traded with a countrywide securities exchange. (b) Main threat officer
The Board may well, by regulation or buy, exempt transactions, in whole or partly, in the definition of your term “credit history exposure,” If your Board finds the exemption is in the public curiosity.
implies any director of a company or any specific who performs very similar functions in respect of any enterprise, like a trustee less than a have faith in. (g) Administration Formal
An election by a savings and financial loan holding corporation to be handled like a monetary Keeping enterprise shall not be productive if, in the time period offered in paragraph (d) of the segment, the Board finds that, as of your day the declaration was filed with the suitable Reserve Bank: (1) Any insured depository institution managed with the savings and bank loan Keeping organization (other than an institution excluded beneath paragraph (d) of this portion) hasn't attained a minimum of a rating of “satisfactory record of meeting Local community credit history needs” under the Group Reinvestment Act on the discounts association's most up-to-date evaluation; or (two) Any depository establishment controlled because of the financial institution holding enterprise is not the two nicely capitalized and well managed. (d) Consideration from the CRA effectiveness of a just lately obtained cost savings Affiliation.
means any sale of the protection which the seller will not very own or any sale which can be consummated because of the supply of the stability borrowed by, or for your account of, the seller. (dd) Sovereign entity
When the person to be served will not be a organic human being, provider of the subpoena could be effected by handing the subpoena to the registered agent for assistance, or to any officer, director, or agent in charge of any office of these types of man or woman; by mailing it to any this sort of agent by registered or Licensed mail or by an Convey shipping and delivery assistance at his previous recognised deal with; or by any technique whereby real detect is given to this sort of human being. (b) Motions to quash.
(i) An application for approval of a buy of inventory in reference to a certified stock issuance shall be considered to have already been accepted from the Board if this sort of software has not been disapproved with the Board ahead of the end from the 90-working day period of time commencing within the day of submission on the Board of the entire history on the appliance as described in § 238.14(g)(three)(ii). (d) No limitation on course of stock issued.
This subpart implements portion 10(file) of HOLA which necessitates cost savings associations with Keeping organizations to supply the Board not a lot less than 30 days' recognize of a proposed declaration of a dividend.
A perseverance no matter whether a prison offense includes dishonesty or breach of belief is predicated on the statutory factors from the crime. (1) “Dishonesty” suggests directly or indirectly to cheat or defraud, to cheat or defraud for financial attain or its equal, or to wrongfully take more info residence belonging to a different in violation of any felony statute.
(ii) The chief threat officer have to report directly to both equally the chance committee and chief executive officer of the company.
suggests GAAP, international economic reporting criteria, or such other accounting specifications that a business works by using in the regular system of its organization in planning its consolidated money statements. (w) Ordinary cross-jurisdictional exercise