11 CFR 9037.3 – Deposits of Presidential primary matching funds
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Upon receipt of any matching funds, the candidate shall deposit the full amount received into a checking account maintained by the candidate’s principal campaign committee in the depository designated by the candidate. The account(s) shall be maintained at a State bank, federally chartered depository institution or other depository institution, the deposits of which are insured by the Federal Deposit Insurance Corporation.
Terms Used In 11 CFR 9037.3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.