§ 1511.8 Notice of attachment.
FederalRegulations
Ask Donna
How this section applies to your facts.
Title 12 CFR: Banks and Banking › Chapter XV: DEPARTMENT OF THE TREASURY › Part 1511: BOOK-ENTRY PROCEDURE › § 1511.8: § 1511.8 Notice of attachment.
Text
The interest of a debtor in a Security Entitlement may be reached by a creditor only by legal process upon the Securities Intermediary with whom the debtor's securities account is maintained, except where a Security Entitlement is maintained in the name of a secured party, in which case the debtor's interest may be reached by legal process upon the secured party. The regulations in this part do not purport to establish whether a Federal Reserve Bank is required to honor an order or other notice of attachment in any particular case or class of cases.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.