12 CFR 16.31
§ 16.31 Escrow requirement.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 16.31, § 16.31 Escrow requirement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43102
- Permanent ID
ys:prov:43102@1- SHA-256
7fcdc2374ac7d8f0fccd91cb95e017cb0afb035529791b78093f24b9fc76ce15
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.