[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR357.15]

[Page 398-399]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 357--REGULATIONS GOVERNING BOOK-ENTRY TREASURY BONDS, NOTES AND BILLS (DEPARTMENT OF THE TREASURY CIRCULAR, PUBLIC DEBT SERIES NO. 2-86)--Table of Contents
 
    Subpart B--Treasury/Reserve Automated Debt Entry System (TRADES)
 
Sec. 357.15  How can a debtor's interest in a Security Entitlement be reached by creditors?

    (a) The interest of a debtor may be reached by creditors only by 
legal process upon the Securities Intermediary with whom the debtor's 
securities account is maintained. Exception: If a Security Entitlement 
is maintained in

[[Page 399]]

the name of a secured party, the debtor's interest may be reached by 
legal process upon the secured party.
    (b) These regulations do not state whether a Federal Reserve Bank is 
required to honor an order or other notice of attachment in any 
particular case or class of cases.