North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 06 - CREDIT UNION DIVISION
Subchapter C - CREDIT UNIONS
Section .1400 - SIGNATURE GUARANTEE SERVICES
Section 06C .1401 - SIGNATURE GUARANTEE

Universal Citation: 04 NC Admin Code 06C .1401

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

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.

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.

Disclaimer: These regulations may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.