(a) General. Reissue of a tax and loss bond may be made only under the conditions specified in
this paragraph. A request for reissue must be made by an officer of the beneficial owner who is
authorized to assign the bond for redemption. The request must be submitted to the Division of Special Investments. A bond will only be reissued in book-entry form and will bear the same issue date
and maturity as the original bond.
(b) Correction of error. The reissue of a bond may be made to correct an error in the original issue upon
an appropriate request, supported by satisfactory proof of the error.
(c) Change of name. An owner whose name is changed in any legal manner after the issue of the bond should
submit the bond with a request for reissue, substituting the new name for the name
inscribed on the bond. The signature on the request for reissue should show the new name, the legal reason
which caused the change to be made and the former name. It must be supported by satisfactory proof of the change of name.
(d) Legal succession. A bond registered in the name of a company which has been succeeded by another company
as the result of a merger, consolidation, incorporation, reincorporation, conversion,
reorganization, or which has been lawfully succeeded in any manner whereby the business
or activities of the original organization are continued without substantial change,
will be paid to or reissued in the name of the successor upon an appropriate request
on its behalf, supported by satisfactory evidence of successorship.
(e) Conversion to book-entry. Although not required, any owner of tax and loss bonds held in registered form after
the effective date of this regulation, may submit those bonds to the Division of Special
Investments, for conversion to book-entry form.
(Approved by the Office of Management and Budget under control number 1535–0127)
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.