§ 350.11. Notice of Attachment for Ginnie Mae Securities in Book-entry System.
94 words·~1 min read·
/us/cfr/t24/s§ 350.11·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The interest of a debtor in a Security Entitlement may be reached by a creditor only by legal process upon the Securities Intermediary with whom the debtor's securities account is maintained, except where a Security Entitlement is maintained in the name of a secured party, in which case the debtor's interest may be reached by legal process upon the secured party. These regulations do not purport to establish whether a Federal Reserve Bank as Depository is required to honor an order or other notice of attachment in any particular case or class of cases.