- (a) A trust company that deposits securities with a clearing corporation, as defined in RSA 382-A:8-102(5), by physical delivery of certificates shall obtain a receipt from the clearing corporation for the securities delivered.
(b) The receipt shall:
- (1) Be signed and dated by a representative of the clearing corporation; and
- (2) Describe the security or securities deposited.
- (c) A trust company shall retain receipts for securities physically delivered to a clearing corporation for a period of 2 years after the clearing corporation relinquishes possession of the deposited securities.
- (d) A trust company shall make such receipts available for inspection by bank examiners as part of any regular, special, or limited purpose examination by the banking department.
Source. #4083, eff 7-7-86, EXPIRED: 7-7-92 New. #7486, eff 5-2-01, EXPIRED: 5-2-09 New. #9755, eff 7-16-10