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COMMONWEALTH OF PENNSYLVANIA

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34 Pa. Code § 63.97. Return or sale of money or securities.

§ 63.97. Return or sale of money or securities.

 Any deposit of money or securities received will be held until the organization’s liability for payments is terminated. Upon termination of liability the deposit will be returned, minus any amount, including interest and penalty, due the Department. The Department is authorized to sell securities deposited to satisfy any amount due, in which event any interest and increase in value accruing on the securities will be applied to the amount due to the Department.

Source

   The provisions of this §  63.97 amended June 17, 2011, effective June 18, 2011, 41 Pa.B. 3094. Immediately preceding text appears at serial pages (235591) to (235592).


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