4 N.C. Admin. Code 6C.1401

Current through Register Vol. 39, No. 6, September 16, 2024

Section 06C .1401 - SIGNATURE GUARANTEE

Provided the following conditions are satisfied, a credit union may offer its members signature guarantee services in connection with the transfer of securities, name change on a security certificate, replacement of lost certificates, or erasures on a security certificate:

(1) The credit union obtains a bond endorsement protecting it against any loss or liability resulting from granting an improper signature guarantee.

(2) The credit union participates in a signature guarantee program endorsed by the Securities Transfer Association.

(3) The credit union obtains the prior written approval of the Administrator before commencing its signature guarantee program.

04 N.C. Admin. Code 06C .1401

Authority G.S. 54-109.12; 54-109.21(25);
Eff. March 1, 1994;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. September 6, 2016.

Authority G.S. 54-109.12; 54-109.21(25);
Eff. March 1, 1994.