§760.280. Reporting Securities

Latest version.

Remittance of securities. Unless otherwise provided, all securities and commodities when remitted by the holder to the administrator shall:

a)         be registered as "Treasurer of the State of Illinois"; or

b)         be deposited into a new or existing securities or commodities account either in the name of "Treasurer of the State of Illinois" or in a nominee account (aka "street name" account) established by a vendor acting as a custodian for the administrator; and

c)         include all dividends, interest, warrants, or other rights, or associated cash in a check payable to "Treasurer of the State of Illinois" unless otherwise directed by the administrator.

(Source: Amended at 46 Ill. Reg. 16898, effective September 26, 2022)

                    
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