Rule 80-1-4-.04 - Custody and Safekeeping(1) Securities may be held in physical or book entry form.(2) Physical possession of securities shall be maintained: (a) In the vault of the investing bank;(b) In safekeeping at any: 1. FDIC-insured, correspondent bank or trust company;2. Federal Reserve Bank or Federal Home Loan Bank;3. Broker-dealer insured under the Securities Investors Protection Act provided the market value of such securities does not exceed $500,000; or(c) As otherwise specifically approved by the department.Ga. Comp. R. & Regs. R. 80-1-4-.04
O.C.G.A. Sec. 7-1-61.
Original Rule entitled "Investment in All of Capital Stock of Subsidiary Corporations" adopted. F. and eff. June 30, 1965.Repealed: New Rule entitled "Applications for Rulings" adopted. F. June 9, 1972; eff. June 29, 1972.Repealed: F. Aug. 28, 1975; eff. Sept. 17, 1975.Amended: New Rule entitled "Custody and Safekeeping" adopted. F. Oct. 22, 2001; eff. Nov. 11, 2001.