What if the charter documents of the financial institution seeking to participate do not authorize preferred stock?
Manatt’s Banking Group is working closely with our Government Affairs Group in Washington, DC, to provide you with answers to key questions you may have regarding the legislation, regulations, and guidance surrounding the TARP and related programs created by the economic rescue legislation. There is a strong likelihood that these matters will play a very important role in reshaping the banking world as we have come to know it, both in the short term and, more importantly, in reform efforts that may be implemented under the new administration and Congress in January. We invite you to contact us with any questions you may have. In the meantime, we will continue to keep you updated as new developments occur. The coordinated announcement today from Treasury, the Federal Reserve and the FDIC has generally been applauded in financial circles. However, there remain a number of questions that remain unanswered and which presumably will be addressed by the responsible authorities in the short t
Related Questions
- Can I still participate in Checking Network USA if there is no financial institution in my area listed underneath Network Partners?
- What if the charter documents of the financial institution seeking to participate do not authorize preferred stock?
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