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PIC grandfather clause could come in handy for more than half of corporates
By Staff WriterCorporates advocated for a grandfathering clause to issue Paid-in-Capital in Part 704. They got their wish, with the NCUA Board instituting an 18-month window for them to issue PIC. As the chart here shows, less than half of all corporates have yet to issue PIC. Here's a breakdown of those...
