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Code of Federal Regulations Title 17. Commodity and Securities Exchanges § 17.270.10e–1 Death, disqualification, or bona fide resignation of directors

Current as of January 02, 2025 | Updated by Findlaw Staff

If a registered investment company, by reason of the death, disqualification, or bona fide resignation of any director, does not meet any requirement of the Act or any rule or regulation thereunder regarding the composition of the company's board of directors, the operation of the relevant subsection of the Act, rule, or regulation will be suspended as to the company:

(a) For 90 days if the vacancy may be filled by action of the board of directors;  or

(b) For 150 days if a vote of stockholders is required to fill the vacancy.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 17. Commodity and Securities Exchanges § 17.270.10e–1 Death, disqualification, or bona fide resignation of directors - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-17-commodity-and-securities-exchanges/cfr-sect-17-270-10e-1/

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