31 CFR 353.86
§ 353.86 Reissue upon termination of investment agency.
United States · 31 CFR — Money and Finance: Treasury · Status: effective
Cite this
- Citation
- 31 CFR 353.86, § 353.86 Reissue upon termination of investment agency, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/140247
- Permanent ID
ys:prov:140247@1- SHA-256
6c37cb830b4a0b824ec9df0f89e530ff4dc47aa9045d9082f8cd24ae7e18256f
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Full text
A bond registered in the name of a financial institution, or individual, as agent for investment purposes only, under an agreement with a religious, an educational, a charitable, or a nonprofit organization, may be reissued in the name of the organization upon termination of the agency. The former agent should request such reissue and should certify that the organization is entitled by reason of the termination of the agency. If such request and certification are not obtainable, the bond will be reissued in the name of the organization upon its own request, supported by satisfactory evidence of the termination of the agency. The appropriate form should be used.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.