31 CFR 328.4 - Effect of restrictive endorsements.

Regulations last checked for updates: May 02, 2024

Title 31 - Money and Finance: Treasury last revised: Apr 17, 2024

View all text of Part 328 [§ 328.1 - § 328.9]

§ 328.4 - Effect of restrictive endorsements.

Bearer securities bearing restrictive endorsements as herein provided will thereafter be nonnegotiable and payment, redemption, or exchange will be made only as provided in such endorsements.

authority: R.S. 3706; 40 Stat. 288, 502, 1309; 46 Stat. 20; 48 Stat. 343; 49 Stat. 20; 56 Stat. 189; 73 Stat. 622; 85 Stat. 5, 74 (31 U.S.C. 738a,739,752,752a,753,754,754a and754b); and 5 U.S.C. 301.

source: 38 FR 10682, Apr. 30, 1973, unless otherwise noted.

cite as: 31 CFR 328.4