---
kind: "section"
citation: "31 C.F.R. § 357.15"
title: "31"
number: "357.15"
heading: "How can a debtor's interest in a Security Entitlement be reached by creditors?"
url: "https://uscodex.org/cfr/31/357.15"
---

# §357.15. How can a debtor's interest in a Security Entitlement be reached by creditors?

- (a) The interest of a debtor may be reached by creditors only by legal process upon the Securities Intermediary with whom the debtor's securities account is maintained. Exception: If a Security Entitlement is maintained in the name of a secured party, the debtor's interest may be reached by legal process upon the secured party.
- (b) These regulations do not state whether a Federal Reserve Bank is required to honor an order or other notice of attachment in any particular case or class of cases.

## Notes

### Source

Source: 67 FR 7080, Feb. 15, 2002, unless otherwise noted.

### Authority

Authority: 31 U.S.C. chapter 31; 5 U.S.C. 301; 12 U.S.C. 391.

### Source

Source: 51 FR 18265, May 16, 1986, unless otherwise noted.