Accounts that Hold the Funds of a Trust Sample Clauses

Accounts that Hold the Funds of a Trust. You may start, use and maintain accounts, products and services to hold the funds of a trust. If you do so, you may be named as a trustee on a service form or in our records. You agree it is your re- sponsibility as a trustee (and not our responsibility) to administer the accounts, products, services and funds according to the terms of the trust. You further agree that we are only providing you with accounts, products and services and are not assisting you with or advising you about the trust. For IRS reporting purposes, the name that appears first on a form or that is entered in our records gener- ally must match the SSN or EIN that you certify on behalf of the trust. However, on your request, we may be able to write the full name of the trust on a form or in our records to explain the purpose and/or the ownership of an account, loan, product or service. If you are the only trustee on an account, you have the same rights and responsibilities as an owner to take actions and con- duct transactions on the account, products and services (please see Provision 4.a.). If two or more trustees are on an account, you have the same rights and responsibilities as an owner on a multiple owner account to take actions and conduct transactions on the account, products and services (please see Provision 4.b.). For all trustees’ convenience, each trustee on a multiple trustee account agrees that any trustee acting alone may take actions and conduct transactions on accounts, products and ser- vices for all trustees on the accounts, products and services. By maintaining the multiple trustee account, you consent to any later actions or transactions on accounts, products and services by any other trustee. While any trustee may take actions and conduct transactions alone, we may require all trustees to agree to any additions or removals of any other trustee to or from the accounts, products and services. All trustees agree we have no duty to noti- fy the trustees of any actions or transactions by a trustee acting alone. If you request us to designate a person as a trustee by en- tering the trustee’s information in our records or as we allow with- out signing or authorizing a form, you agree this person is a trus- tee. You further agree this person may subsequently sign or authorize a form as a trustee. If you wish to name a successor trustee we can note that information in our records as well. A suc- cessor trustee may take actions and conduct transactions upon delivering proof...
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Accounts that Hold the Funds of a Trust. You may start, use and maintain accounts, products and services to hold the funds of a trust. If you do so, you may be named as a trustee on a service form or in our records. You agree it is your responsibility as a trustee (and not our responsibility) to administer the accounts, products, services and funds according to the terms of the trust. You further agree that we are only providing you with accounts, products and services and are not assisting you with or advising you about the trust. For IRS reporting purposes, the name that appears first on a form or that is entered in our records gener- ally must match the SSN or EIN that you certify on behalf of the trust. However, on your request, we may be able to write the full name of the trust on a form or in our records to explain the purpose and/or the ownership of an account, loan, product or service.
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Related to Accounts that Hold the Funds of a Trust

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  • Right to Receive Documentation of Transfers If you arrange to have direct deposits made to your Account at least once every sixty (60) days from the same person or company, you can call your Financial Advisor to verify such deposits. In addition, you will receive a periodic account statement (in accordance with Section 16 of the Client Agreement) that will show all activity in your Account, including any Transfer.

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