Ill. Admin. Code tit. 74 § 760.280

Current through Register Vol. 48, No. 45, November 8, 2024

Section 760.280 - Reporting Securities

Remittance of securities. Unless otherwise provided, all securities and commodities when remitted by the holder to the administrator shall:

a) be registered as "Treasurer of the State of Illinois"; or

b) be deposited into a new or existing securities or commodities account either in the name of "Treasurer of the State of Illinois" or in a nominee account (aka "street name" account) established by a vendor acting as a custodian for the administrator; and

c) include all dividends, interest, warrants, or other rights, or associated cash in a check payable to "Treasurer of the State of Illinois" unless otherwise directed by the administrator.

Ill. Admin. Code tit. 74, § 760.280

Adopted at 43 Ill. Reg. 4253, effective 3/25/2019.

Amended at 46 Ill. Reg. 16898, effective 9/26/2022