Depository shall not release nor pay to any person any security held as a deposit hereunder, or any proceeds of the sale of, or payments of principal upon, such securities, except upon written direction of the superintendent, or upon order of a court of competent jurisdiction in an action to which the superintendent is a party.

[8/24/87; 13.2.4.13 NMAC - Rn, 13 NMAC 2.4.13, 6/14/07]