---
kind: "section"
citation: "31 C.F.R. § 203.7"
title: "31"
number: "203.7"
heading: "Termination of agreement or change of election or option."
url: "https://uscodex.org/cfr/31/203.7"
---

# §203.7. Termination of agreement or change of election or option.

- (a) **Termination by Treasury.** The Secretary may terminate the agreement of a TT&L depositary at any time upon notice to that effect to that depositary, effective on the date set forth in the notice.
- (b) **Termination or change of election or option by the depositary.** A TT&L depositary may terminate its depositary agreement, or change its option or election, consistent with this part and the procedural instructions, by prior written notice to the TSC.

## Notes

### Authority

Authority: 12 U.S.C. 90,265-266, 332, 391, 1452(d), 1464(k), 1767, 1789a, 2013, 2122, and 3102; 26 U.S.C. 6302; 31 U.S.C. 321, 323, and 3301-3304.

### Source

Source: 72 FR 59181, Oct. 19, 2007, unless otherwise noted.