N.H. Admin. Code § Ban 1802.01 - Receipt

(a) A trust company that deposits securities with a clearing corporation, as defined in RSA 382-A:8-102(5), by physical delivery of certificates shall obtain a receipt from the clearing corporation for the securities delivered.

(b) The receipt shall:

(1) Be signed and dated by a representative of the clearing corporation; and

(2) Describe the security or securities deposited.

(c) A trust company shall retain receipts for securities physically delivered to a clearing corporation for a period of 2 years after the clearing corporation relinquishes possession of the deposited securities.

(d) A trust company shall make such receipts available for inspection by bank examiners as part of any regular, special, or limited purpose examination by the banking department.

Notes

N.H. Admin. Code § Ban 1802.01

#4083, eff 7-7-86, EXPIRED: 7-7-92

New. #7486, eff 5-2-01, EXPIRED: 5-2-09

New. #9755, eff 7-16-10