The timing to place a hold order placed should be specified within internal procedures -- specifying what is a reasonable time for your business operations.  Working to established procedures is defensible.

An exception is for companies listed on the stock exchange much provide within 90 days information identifying what pertinent records exist and where those records are physically located.

Lee

M. Lee Watt, CRM
Records Administrator
Vail Resorts Management Company
Phone: 303-404-6450
Fax:  303-404-6422
Cell:  303-985-8840

www.vailresorts.com

VAILRESORTS(r)

EXPERIENCE OF A LIFETIME

-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On Behalf Of Peter Kurilecz
Sent: Wednesday, March 09, 2011 5:39 PM
To: [log in to unmask]
Subject: Re: Hold Order Turnaround - How fast is fast enough?

On Wed, Mar 9, 2011 at 3:51 PM, Kevin Tisdel <[log in to unmask]>wrote:

> I have searched the archives and did not find the answer to this question.
>
> What is an acceptable turnaround time to issue a legal hold order?  Within
> the hour? 1 day? 2 or 3 days?
>
>
In my opinion you should issue the hold order as soon as possible. It should
be broad in nature so that you can ensure that everyone is aware of it. Then
you can pare back the order as you get further information as to what is
actually subject to the hold.


-- 
Peter Kurilecz CRM CA
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Richmond, Va
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