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Ex. AGY-FED-FINANCIAL-020 Order Primary source read

Interim final rule, Director, Shareholder, and Member Meetings, 85 Fed. Reg. 31943 (May 28, 2020) (RIN 1557-AE94); technical correction 85 Fed. Reg. 35373 (June 10, 2020)

Director, Shareholder, and Member Meetings

Office of the Comptroller of the Currency · United States; Office of the Comptroller of the Currency (federal) (Federal)

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The COVID Project

The record

Jurisdiction
United States; Office of the Comptroller of the Currency (federal)
Level
Federal
Authority
12 U.S.C. § 93a; § 1464
Issued
2020-05-28 May 28, 2020
Effective
2020-05-28
End
Permanent (finalized 2020-2021) (read as 2021-09-30)
In force
May 28, 2020 to Sept. 30, 2021
Quarters
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
Limitation types
Gathering capOther
Addressees
  • national banks
  • federal savings associations
Functions reached
  • OP corporate governance (board and shareholder meetings by telephone or electronic means)
  • CB shareholders and members
Collection
Federal financial regulators AGY-FED-FINANCIAL

Operative words

[This interim final rule amends the OCC's rules to] permit telephonic and electronic meetings [of directors, shareholders and members so that institutions can hold] meetings without violating social [distancing requirements during the COVID-19] emergency.

Enforcement

12 C.F.R. parts 5 and 7

Notes

Force-of-law amendment enabling virtual governance meetings; the OCC's finding that in-person meetings could not be held consistently with the distancing orders

Retrieval note

Federal Register PDF read.

A record of The COVID Project. The instrument's text is the source's; the summary fields are The COVID Project's reading of it. Not legal advice.