sec.119KWhat suspension order must state

### sec.119K What suspension order must state The suspension order must order a financial institution— to notify a commission officer immediately of any transaction that has been initiated in connection with an account held with the institution by a person named in the order; and to notify a commission officer immediately if there are reasonable grounds for suspecting that a transaction is about to be initiated in connection with the account; and to refrain from completing or effecting the transaction for 48 hours, unless a named commission officer gives the financial institution written consent to the transaction being completed immediately. In addition, the suspension order must state— the name or names in which the account is believed to be held; and the type of information the institution is required to give; and the period, of not more than 3 months from the date of its making, the order is in force; and that the order applies to transactions conducted during the period stated in the order; and that the information is to be given to any commission officer or to a stated commission officer and the way in which the information is to be given. s 119K ins 2002 No. 68 s 296 amd 2009 No. 48 s 136 (sec.119K-ssec.1) The suspension order must order a financial institution— to notify a commission officer immediately of any transaction that has been initiated in connection with an account held with the institution by a person named in the order; and to notify a commission officer immediately if there are reasonable grounds for suspecting that a transaction is about to be initiated in connection with the account; and to refrain from completing or effecting the transaction for 48 hours, unless a named commission officer gives the financial institution written consent to the transaction being completed immediately. (sec.119K-ssec.2) In addition, the suspension order must state— the name or names in which the account is believed to be held; and the type of information the institution is required to give; and the period, of not more than 3 months from the date of its making, the order is in force; and that the order applies to transactions conducted during the period stated in the order; and that the information is to be given to any commission officer or to a stated commission officer and the way in which the information is to be given. - (a) to notify a commission officer immediately of any transaction that has been initiated in connection with an account held with the institution by a person named in the order; and - (b) to notify a commission officer immediately if there are reasonable grounds for suspecting that a transaction is about to be initiated in connection with the account; and - (c) to refrain from completing or effecting the transaction for 48 hours, unless a named commission officer gives the financial institution written consent to the transaction being completed immediately. - (a) the name or names in which the account is believed to be held; and - (b) the type of information the institution is required to give; and - (c) the period, of not more than 3 months from the date of its making, the order is in force; and - (d) that the order applies to transactions conducted during the period stated in the order; and - (e) that the information is to be given to any commission officer or to a stated commission officer and the way in which the information is to be given.