The Penny Stock Church of What's Working Now

[Stock]

For your first committee meeting agenda item:

Posted by: bob41
In reply to: PelagicMariner who wrote msg# 147591 Date:9/27/2007 2:29:32 PM
Post #of 161934

"Securities receivable by the broker or dealer as a security dividend receivable, stock split or similar distribution for more than 45 calendar days, then the broker or dealer shall, not later than the business day following the day on which such determination is made, take prompt steps to obtain physical possession or control of securities so receivable through a buy-in procedure or otherwise."


http://www.law.uc.edu/CCL/34ActRls/rule15c3-3.html