Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 22 - Foreign Relations |
Chapter III - Peace Corps |
Part 350 - BOOK-ENTRY PROCEDURES |
§ 350.11 - Notice of Attachment for Ginnie Mae Securities in Book-entry System.
Latest version.
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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. These regulations do not purport to establish whether a Federal Reserve Bank as Depository is required to honor an order or other notice of attachment in any particular case or class of cases.