Series 53: 6.2.4.1. Rejection Of Delivered Securities

Taken from our Series 53 Online Guide

6.2.4.1. Rejection of Delivered Securities

Rejection means that the purchaser refuses to accept securities that have been presented for delivery. Securities presented for delivery may be rejected if the securities are not in good delivery form. Legitimate reasons for rejections may include the following:

The certificate was mutilated or had imperfect

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