20 NCAC 01H .0303. DEPOSIT OF CASH OR SECURITIES

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When a participant intends to make a deposit to the individual account, the participant shall notify the applicable agency of its intent pursuant to the duly adopted rules of the applicable agency. If the amounts and securities are satisfactory, the applicable agency shall notify the participant and the master trustee that the deposit is approved. The cash and securities may be transferred from the participant to the master trustee by any means mutually agreeable to them. Upon receipt of the deposit, the master trustee shall notify the applicable agency as provided under the trust agreement.

History Note: Authority G.S. 147‑78.1;

Eff. December 1, 1985.

                    
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