Iowa Admin. Code r. 781-9.7 - Reporting of stocks-non-freely transferable and worthless securities

A holder shall not report or deliver to the division a security identified by the holder as a non-freely transferable security. Upon determination by the division or the holder that a security is no longer a non-freely transferable security, the security shall be subsequently reported and remitted on the next regular (annual) date prescribed for delivery of securities pursuant to the Act. The holder shall make a determination annually whether a security that has not been reported or delivered to the division on the basis that it is non-freely transferable is no longer non-freely transferable.

This rule is intended to implement Iowa Code section 556.5.

Notes

Iowa Admin. Code r. 781-9.7

ARC 9936B, lAB 12/28/11, effective 2/1/12 Adopted by IAB November 9, 2016/Volume XXXIX, Number 10, effective 12/14/2016 Amended by IAB January 22, 2025/Volume XLVII, Number 15, effective 2/26/2025