§431:7-305  Transfer of securities. (a)  No transfer of any funds or security so held on deposit, whether voluntaryor by operation of law, shall be valid unless approved in writing by thecommissioner and countersigned by the director of finance or by the director'sauthorized deputy or agent, or unless expressly provided elsewhere in thiscode.

(b)  A statement of each such transfer shall beentered on the records of the director, showing the name of the insurer fromwhose deposit the transfer is made, the name of the transferee, the par valueof securities having par value, and the asset value of other securities as atlast recent valuation. [L 1987, c 347, pt of §2]