Iowa Admin. Code r. 781-9.7
Current through Register Vol. 47, No. 11, December 11, 2024
A holder is not required to report or deliver to the division a security identified by the holder as a non-freely transferable security. Upon determination by the division or the holder that a security is no longer a non-freely transferable security, the security shall be subsequently remitted on the next regular (annual) date prescribed for delivery of securities pursuant to the Act. The holder shall make a determination annually whether a security that has not been reported or delivered to the division on the basis that it is non-freely transferable is no longer non-freely transferable.
This rule is intended to implement Iowa Code section 556.5.
Iowa Admin. Code r. 781-9.7