512 – Communications From Department of Financial Services Must Be Submitted to Directors and Noted in Minutes.

§ 512.  Communications  from  department of financial services 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.