Pennsylvania Code (Last Updated: April 5, 2016) |
Title 31. INSURANCE |
PART I. General Provisions |
Subpart B. Securities and Stock Transactions |
Chapter 21. Stock Ownership Statements |
SubChapter D. EXEMPTIONS UNDER SECTION 302.1(3) OF THE ACT |
Section 21.51. Certain securities
Latest version.
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Any security shall be exempt from the operation of section 302.1(3) of the act (40 P. S. § 422.1(3)) to the extent necessary to render lawful under the section execution by brokers of an order for an account in which the broker has no direct or indirect interest.