12 CFR § 16.31 - Escrow requirement.

---
identifier: "/us/cfr/t12/s16.31"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 16.31 - Escrow requirement."
title_number: 12
title_name: "Banks and Banking"
section_number: "16.31"
section_name: "Escrow requirement."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "16"
part_name: "SECURITIES OFFERING DISCLOSURE RULES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1  93a, 1462a, 1463, 1464, and 5412(b)(2)(B)."
regulatory_source: "59 FR 54798, Nov. 2, 1994, unless otherwise noted."
cfr_part: "16"
---


# 16.31 Escrow requirement.

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.