31 C.F.R. § 306.16 Exchanges of registered securities.
Title 31 - Money and Finance: Treasury
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.
Title 31: Money and Finance: Treasury
PART 306—GENERAL REGULATIONS GOVERNING U.S. SECURITIES
Subpart C—Transfers, Exchanges and Reissues
§ 306.16 Exchanges of registered securities.

