Finanse publiczne · 20.11.1997

Regulations Governing Book-Entry Treasury Bonds, Notes, and Bills; Determination Regarding State Statutes

The Department of the Treasury is announcing that it has reviewed the statutes of 13 states 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 13 states.