Whenever an agent of depository sells securities in a security pool (non-REN) in accordance with a conversion and payment instruction, such agent of depository shall sell such securities in the order of dates of maturity, commencing with the security bearing the earliest date of maturity.

Note: Authority cited: Section 53661, Government Code. Reference: Section 53665, Government Code.

History

1. Amendment filed 7-16-80; effective thirtieth day thereafter (Register 80, No. 29).