32-8-404. Termination -- settlement. Upon termination of a precious metals account, whether at or before the date of maturity, the terms of settlement must allow:
     (1) the depository to convert the precious metals to currency at the spot market rate on the day of settlement; and
     (2) the depository's right to delay settlement for not more than 5 business days.

     History: En. Sec. 28, Ch. 382, L. 1997.