§ 306.16. Exchanges of registered securities.
49 words·~1 min read·
/us/cfr/t31/s§ 306.16·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No assignments will be required for:
(a)Authorized denominational exchanges of registered securities for like securities in the same names and forms of registration and
(b)Redemption-exchanges, or prefundings, or advance refundings in the same names and forms as appear in the registration or assignments of the securities surrendered.