§363.29. May Treasury close an account, suspend transactions in an account, or refuse to open an account?
31 C.F.R. § 363.29
We reserve the right to take any of the following actions if, in our sole discretion, we deem the action to be in the best interests of the United States:
Refuse to open an account for any person;
Close any existing account, redeem, sell, or liquidate the securities held in the account, and pay the proceeds to the person entitled;
Suspend transactions with respect to an account or any security held in an account; or
Take any other action with regard to any account that we deem necessary, if not inconsistent with existing law and existing rights.
Notes, amendments, and revision history
Amendments
[70 FR 57434, Sept. 30, 2005, as amended at 72 FR 30978, June 5, 2007]
Authority
Authority: 5 U.S.C. 301; 12 U.S.C. 391; 31 U.S.C. 3102, et seq.; 31 U.S.C. 3121, et seq.
Source
Source: 67 FR 64286, Oct. 17, 2002, unless otherwise noted.
Amendments
[70 FR 57434, Sept. 30, 2005, as amended at 72 FR 30978, June 5, 2007]