§ 19.4. Securities deposited.
(a) Section 6 (b) of the act (7 P. S. § 6106(b)) provides that an applicant or licensee may deposit securities in lieu of the required surety bond. These securities shall be in the form of bearer bonds and shall be deposited with the State Treasurer, to whom the licensee shall pay all fees or charges for custodial services rendered.
(b) It shall be the duty of the State Treasurer to sell securities held in custody upon written instructions from the Department in such circumstances and for such purposes as provided in the act.
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