Code of Federal Regulations · Section
§ 328.4 — Effect Of Restrictive Endorsements
31 C.F.R. § 328.4
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Bearer securities bearing restrictive endorsements as herein provided will thereafter be nonnegotiable and payment, redemption, or exchange will be made only as provided in such endorsements.
Authorizing Statute
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Departmental regulations5 U.S.C. § 301