31 C.F.R. § 370.45 What is the status of a security if the remittance cannot be collected?
Title 31 - Money and Finance: Treasury
If we cannot promptly collect all of the remittance for a security, we may in our discretion cancel the security unless it has been legally transferred for value to a third person who had no knowledge of the improper debit entry at the time of the transfer.
Title 31: Money and Finance: Treasury
PART 370—ELECTRONIC TRANSACTIONS AND FUNDS TRANSFERS RELATING TO UNITED STATES SECURITIES
Subpart E—Additional Provisions
§ 370.45 What is the status of a security if the remittance cannot be collected?
