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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 8. HIGHER EDUCATION |
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SubTilte 8-A. DISTRICT OF COLUMBIA SCHOOL OF LAW |
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Chapter 8-A3. ADMINISTRATION AND MANAGEMENT |
Section 8-A321. SALE OF SECURITIES
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321.1The Dean, with the approval of the Board, may sell, assign, request payment, and re-issue securities in accordance with the provisions of this section.
321.2The provisions of this section shall apply to securities held by the Board in any fiduciary capacity whatsoever, including the following:
(a)Personal representative, executor, or administrator;
(b)Guardian or trustee; or
(c)As attorney for, or other representative of, the owners of the securities.
321.3The provisions of this section shall apply to the following types of securities:
(a)Any and all United States securities of any description registered on the books of the Department of the Treasury; or
(b)Registered securities with respect to which the Department of the Treasury acts as the transfer agency.
321.4The Dean, with the approval of the Board, may receive payment for any matured security and may reinvest the principal or the sum total in a like or similar security.
321.5The Dean shall report all securities transactions to the Board.