Accounts for the Benefit of Others Sample Clauses

Accounts for the Benefit of Others. In Trust”, Etc. We are not required to recognize anyone other than you as having any interest in your Account, except joint Account holders when an Account is a Joint Account. For example, if you request that we open an Account in your name, but you use “In Trust” or “As Nominee” or some similar designation, whether or not it is for a specified third party, we will only accept instructions for that Account from you. We are under no obligation to obtain permission from any other person.
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Accounts for the Benefit of Others. In Trust”, Etc. We are not required to recognize anyone other than you as having any interest in your Account, except joint Account holders when an Account is a joint Account. For example, if you request that we open an Account in your name, but you use “In Trust” or “As Nominee” or some similar designation, whether or not it is for a specified third party, we will only accept instructions for the Account from you. We are under no obligation to obtain permission from any other person on any of your Accounts. If you designate an Account as “In Trust” or “As Nominee” or some similar designation, we may require that you provide us information about and contact particulars for persons that may have an interest in the Account. We may contact those persons and disclose information concerning the Account and make inquiries about their interests, if any, in the Account as required to verify transaction details, interests and for fraud prevention. We may refuse to allow transactions on the Account or may require that the Account be closed, transferred and opened as a business account. You agree to indemnify us for all claims and costs.
Accounts for the Benefit of Others. In Trust”, Etc. ICICI Bank is not required to recognize anyone other than me as having any interest in my Account, except Joint Account holders when an Account is so designated. For example, if by my request ICICI Bank opens an Account in my name, but uses “In Trust” or “As Nominee” or some similar designation, whether or not it is for a specified third party, ICICI Bank will only accept instructions for that Account from me. ICICI Bank is not obligated to obtain permission from any other person.

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