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FDIC Law, Regulations, Related Acts

[Main Tabs]     [Table of Contents - 4000]     [Index]     [Previous Page]     [Next Page]     [Search] 4000 - Advisory Opinions Meaning of the Term "A Customary One-Time Proxy Solicitation"--12 CFR 303.15(c)(6) FDIC-79-16 December 4, 1979 Katherine H. Haygood, Attorney   In your letter of November 21, 1979, you ask for a written opinion on the meaning of the term "a customary one-time proxy solicitation" as that term is used in 12 C.F.R. § 303.15(c)(6). We agree that the term means "a solicitation of a revocable proxy for a specific shareholders' meeting and adjournments thereof." We also agree that a specific shareholders' meeting could be an annual meeting of shareholders or any special shareholders' meeting. Basically, the exemption does not encompass any attempt to create a proxy which would entail more than one meeting and its adjournments.   I hope that your question has been answered. [Main Tabs]     [Table of Contents - 4000]     [Index]     [Previous Page]     [Next Page]     [Search]

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