Ga. Comp. R. & Regs. R. 120-2-35-.06 - Conversion to Custodian Bank's Management Account

The custodian bank may process and release securities that are matured without written request from the company and where adequate replacement has been made. Bonds or notes eligible for book-entry or DTC will be converted to shares of the cash management account on the day of maturity. The custodian bank is authorized to use the Biltmore U.S. Treasury Money Market Fund as a transitional account. Such Fund is an acceptable asset for purposes of O.C.G.A. § 33-11-1et seq.

Notes

Ga. Comp. R. & Regs. R. 120-2-35-.06

O.C.G.A. Sections 33-2-9, 33-11-10, 33-12-4, 33-14-13.

Original Rule entitled "Assets" was filed on March 31, 1983; effective May 1, 1983, as specified by the Agency. Amended: Rule amended by deleting the word "not" in second line of Part 1. (f) of Exhibit B. Filed October 28, 1983, effective December 1, 1983, as specified by the Agency. Repealed New Rule of same title adopted. F. Aug. 24, 1989; eff. Sept. 15, 1989, as specified by the Agency. Repealed: New Rule entitled "Conversion to Custodian Bank's Management Account" adopted. F. Jul. 19, 1996; eff. Aug. 8, 1996.