§ 150.490 - When must I deposit securities with state authorities?

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You must deposit securities with a state's authorities or, if applicable, a Federal Home Loan Bank under § 150.510, if you meet all of the following:

You are located in the state.

You act as a private or court-appointed trustee.

The law of the state requires corporations acting in a fiduciary capacity to deposit securities with state authorities for the protection of private or court trusts.