§ 35-1208 – Qualified escrow agent; substitutions
35-1208. Qualified escrow agent; substitutions A. Eligible collateral shall be held as provided in this article or by policy of the administrator. Eligible collateral shall be held in the custody of any bank, including a federal reserve bank, or any depository trust company. B. Each eligible depository shall provide in a written deposit or pledge […]
§ 35-1209 – Reports of eligible depositories
35-1209. Reports of eligible depositories At the request of the administrator, each eligible depository shall submit to the administrator a report, as prescribed by the administrator, showing the current market value of the depository’s pledged collateral. The report shall be certified as to its accuracy by an authorized official of the eligible depository.