§ 150.490. When must I deposit securities with state authorities?
69 words·~1 min read·
/us/cfr/t12/s§ 150.490·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You must deposit securities with a state's authorities or, if applicable, a Federal Home Loan Bank under § 150.510, if you meet all of the following:
(a)You are located in the state.
(b)You act as a private or court-appointed trustee.
(c)The law of the state requires corporations acting in a fiduciary capacity to deposit securities with state authorities for the protection of private or court trusts.