Inspection notice requirement may be waived by written order to protect investor interests during regulatory inspections. The Board must give the trustee advance notice before ordering an inspection, but may waive notice by written direction if notice would harm investor interests. During an inspection, the REIT and related parties must discharge the inspection duties and obligations prescribed in the subsequent regulation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Inspection notice requirement may be waived by written order to protect investor interests during regulatory inspections.
The Board must give the trustee advance notice before ordering an inspection, but may waive notice by written direction if notice would harm investor interests. During an inspection, the REIT and related parties must discharge the inspection duties and obligations prescribed in the subsequent regulation.
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