---
kind: "section"
citation: "31 C.F.R. § 354.7"
title: "31"
number: "354.7"
heading: "Withdrawal of eligible Book-entry Sallie Mae Securities for conversion to definitive form."
url: "https://uscodex.org/cfr/31/354.7"
---

# §354.7. Withdrawal of eligible Book-entry Sallie Mae Securities for conversion to definitive form.

- (a) Eligible Book-entry Sallie Mae Securities may be withdrawn from the Book-entry System by requesting delivery of like Definitive Sallie Mae Securities.
- (b) A Federal Reserve Bank shall, upon receipt of appropriate instructions to withdraw Eligible Book-entry Sallie Mae Securities from book-entry in the Book-entry System, convert such securities into Definitive Sallie Mae Securities and deliver them in accordance with such instructions. No such conversion shall affect existing interests in such Sallie Mae Securities.
- (c) All requests for withdrawal of Eligible Book-entry Sallie Mae Securities must be made prior to the maturity or date of call of such securities.
- (d) Sallie Mae Securities which are to be delivered upon withdrawal may be issued in either registered or bearer form, to the extent permitted by the applicable Securities Documentation.

## Notes

### Authority

Authority: 12 U.S.C. 391; 20 U.S.C. 1087-2(m).

### Source

Source: 62 FR 622, Jan. 6, 1997, unless otherwise noted.