C.F.R. » Title 31 » CHAPTER II—FISCAL SERVICE, DEPARTMENT OF THE TREASURY › SUBCHAPTER A—BUREAU OF THE FISCAL SERVICE › PART 328—RESTRICTIVE ENDORSEMENTS OF U.S. BEARER SECURITIES

31 C.F.R. § 328.4

Effect of restrictive endorsements

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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.