[Code of Federal Regulations]
[Title 12 Volume 1]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 12CFR3.19]

[Page 18]
 
                       TITLE 12--BANKS AND BANKING
 
   CHAPTER I--COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY
 
PART 3--MINIMUM CAPITAL RATIOS; ISSUANCE OF DIRECTIVES--Table of Contents
 
                   Subpart E--Issuance of a Directive
 
Sec. 3.19  Issuance of a directive.

    (a) A directive will be served by delivery to the bank. It will 
include or be accompanied by a statement of reasons for its issuance.
    (b) A directive is effective immediately upon its receipt by the 
bank, or upon such later date as may be specified therein, and shall 
remain effective and enforceable until it is stayed, modified, or 
terminated by the Office.