---
kind: "section"
citation: "31 C.F.R. § 308.3"
title: "31"
number: "308.3"
heading: "Exchanges of denominations."
url: "https://uscodex.org/cfr/31/308.3"
---

# §308.3. Exchanges of denominations.


Pending availability of definitive securities, exchanges of authorized denominations of interim certificates, from higher to lower will be permitted.


## Notes

### Authority

Authority: 80 Stat. 379; sec. 8. 50 Stat. 481, as amended; secs. 1, 18, 5, 40 Stat. 288, as amended, 1309, as amended, 290, as amended; sec. 32, 30 Stat. 466, as amended; 5 U.S.C. 301; 31 U.S.C. 738a, 752, 753, 754, 756.

### Source

Source: 6 FR 5289, Oct. 17, 1941, unless otherwise noted.