Anthem
Compliance Question of the Week
January 28, 2014
Jan. 28, 2014
When is a share certificate presumed abandoned?
A non-renewing certificate is presumed abandoned three years after maturity. If the certificate is automatically renewing, it is presumed abandoned three years after the expiration of the initial renewal period. If the certificate’s renewal period occurs in less than one year, abandonment begins after one year.
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Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.
Posted in Compliance News.