§ 321.24. Claims on account of lost securities.
50 words·~1 min read·
/us/cfr/t31/s§ 321.24·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a security redeemed by an agent is lost, stolen or destroyed while in its custody or in transit prior to settlement, the agent's claim for reimbursement of the missing security's redemption value on the original payment date will be considered, provided the security can be identified by serial number.