SECTION .1400 ‑ SIGNATURE GUARANTEE SERVICES
04 NCAC 06C .1401 SIGNATURE GUARANTEE
Provided the following conditions are satisfied, a credit
union may offer its members signature guarantee services in connection with the
transfer of securities, name change on a security certificate, replacement of
lost certificates, or erasures on a security certificate:
(1) The credit union obtains a bond endorsement
protecting it against any loss or liability resulting from granting an improper
(2) The credit union participates in a signature
guarantee program endorsed by the Securities Transfer Association.
(3) The credit union obtains the prior written approval
of the Administrator before commencing its signature guarantee program.
History Note: Authority G.S. 54‑109.12; 54‑109.21(25);
Eff. March 1, 1994.