Code of Federal Regulations · Section
§ 270.10e-1 — e-1 Death, Disqualification, Or Bona Fide Resignation Of Directors
17 C.F.R. § 270.10e-1
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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.
Authorizing Statute
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Registration of securities15 U.S.C. § 77f
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Failure of corporate officers to certify financial reports18 U.S.C. § 1350
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Definitions and application15 U.S.C. § 78c
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Special powers of Commission15 U.S.C. § 77s
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Periodical and other reports15 U.S.C. § 78m