33-2-606. Assignment or conveyance of assets or securities.
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/mt/title-33/chapter-2/part-6/33-2-606·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-2-606 . Assignment or conveyance of assets or securities. All securities not negotiable by delivery and deposited under this code must be duly assigned to the commissioner. In the case of securities held under custodial arrangements outside this state pursuant to 33-2-604 (2), the custodian's receipt for the securities must be delivered, if negotiable, or assigned to the commissioner if legal title to the securities is vested in the commissioner. The insurer shall transfer or convey to the commissioner all other assets deposited. Upon release to the insurer of any asset or security, the commissioner shall reassign or transfer or reconvey the asset or security to the insurer.