512 - Communications from banking department must be submitted to directors and noted in minutes.

§ 512.  Communications  from  banking  department must be submitted to  directors and noted in minutes. Every official communication as  defined  in  article  two of this chapter directed to an investment company or to  any officer thereof shall be submitted, by the officer receiving it,  to  the board of directors at the next meeting of such board, and duly noted  in the minutes of the meetings of such board.