Custody and Safekeeping

(1) Securities may be held in physical or book entry form. (2) Physical possession of securities shall be maintained: (a) In the vault of the investing bank; (b) In safekeeping at any: 1. | FDIC-insured, correspondent bank or trust company; 2. | Federal Reserve Bank or Federal Home Loan Bank; 3. | Broker-dealer insured under the Securities Investors Protection Act provided the market value of such securities does not exceed $500,000; or (c) As otherwise specifically approved by the department. Authority: O.C.G.A. Sec. 7-1-61 . History. Original Rule entitled "Investment in All of Capital Stock of Subsidiary Corporations" adopted. F. and eff. June 30, 1965. Repealed: New Rule entitled "Applications for Rulings" adopted. F. June 9, 1972; eff. June 29, 1972. Repealed: F. Aug. 28, 1975; eff. Sept. 17, 1975. Amended: New Rule entitled "Custody and Safekeeping" adopted. F. Oct. 22, 2001; eff. Nov. 11, 2001.