D.C. Mun. Regs. tit. 8, r. 8-A321

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 8-A321 - SALE OF SECURITIES

321.1

The Dean, with the approval of the Board, may sell, assign, request payment, and re-issue securities in accordance with the provisions of this section.

321.2

The provisions of this section shall apply to securities held by the Board in any fiduciary capacity whatsoever, including the following:

(a) Personal representative, executor, or administrator;

(b) Guardian or trustee; or

(c) As attorney for, or other representative of, the owners of the securities.

321.3

The provisions of this section shall apply to the following types of securities:

(a) Any and all United States securities of any description registered on the books of the Department of the Treasury; or

(b) Registered securities with respect to which the Department of the Treasury acts as the transfer agency.

321.4

The Dean, with the approval of the Board, may receive payment for any matured security and may reinvest the principal or the sum total in a like or similar security.

321.5

The Dean shall report all securities transactions to the Board.

D.C. Mun. Regs. tit. 8, r. 8-A321

Final Rulemaking published at 35 DCR 5876 (July 29, 1988)