Regulations Governing Book-Entry Treasury Bonds, Notes, and Bills; Determination Regarding State Statutes; Georgia, Florida and Connecticut
other · Fiscal Service · Rule · Published 1998-07-01 · Effective 1998-07-01 · 63 FR 35807
Document
Document number
98-17474
Federal Register citation
63 FR 35807
CFR reference
31 CFR 357
Type
Rule
Action
Determination of substantially identical state statutes.
Category
other
Sub-agency
Fiscal Service
Publication date
1998-07-01
Effective date
1998-07-01
Treasury docket
Department of the Treasury Circular, Public Debt Series, No. 2-86
Abstract
The Department of the Treasury is announcing that it has reviewed the statutes of Georgia, Florida and Connecticut which have recently enacted laws adopting Revised Article 8 of the Uniform Commercial Code--Investment Securities (``Revised Article 8'') and determined that they are substantially identical to the uniform version of Revised Article 8 for purposes of interpreting the rules in 31 CFR Part 357, Subpart B (the ``TRADES'' regulations). Therefore, that portion of the TRADES rule requiring application of Revised Article 8 if a state has not adopted Revised Article 8 will no longer be applicable for those 3 states.