Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 12 - Banks and Banking |
Chapter XV - Department of the Treasury |
SubChapter B - Resolution Funding Corporation |
Part 1511 - Book-Entry Procedure |
§ 1511.8 - Notice of attachment.
Latest version.
-
§ 1511.8 Notice of attachment.
The interest of a debtor in a Security Entitlement may be reached by a creditor only by legal process upon the Securities Intermediary with whom the debtor's securities account is maintained, except where a Security Entitlement is maintained in the name of a secured party, in which case the debtor's interest may be reached by legal process upon the secured party. The regulations in this part do not purport to establish whether a Federal Reserve Bank is required to honor an order or other notice of attachment in any particular case or class of cases.