Custodian Powers. We may register securities in our name or in the name of our nominee without disclosing that such securities are held as custodian or as nominee. Except as expressly provided otherwise in this agreement, we shall have all of the powers generally conferred on custodians under the laws of the State of North Dakota. Additionally, we shall also have the power to perform any and all acts that it deems necessary or appropriate for the proper custodial servicing of your HSA. We may adjust the balance of your HSA as necessary to correct administrative errors, including improperly allocated contributions, distributions, earnings or losses. In the event a check or other instrument is returned for insufficient funds, any corresponding contributions to your HSA are also subject to adjustment by us.
Custodian Powers. The Custodian may register securities in its name or in the name of its nominee without disclosing that such securities are held as custodian or as nominee. Except as expressly provided otherwise in this agreement, the Custodian shall have all of the powers generally conferred on custodians under the laws of the State of North Dakota. Additionally, the Custodian shall also have the power to perform any and all acts that it deems necessary or appropriate for the proper custodial servicing of your HSA. The Custodian may adjust the balance of your HSA as necessary to correct administrative errors, including improperly allocated contributions, distributions, earnings or losses. In the event a check or other instrument is returned for insufficient funds, any corresponding contributions to your HSA are also subject to adjustment by the Custodian.
Custodian Powers. The Custodian may adopt such rules end regulations as it may deem necessary or desirable for the efficient performance of its duties hereunder, consistent with the purposes of the Individual Retirement Custodial Account Agreement and the Application. Each Participant shall direct the manner in which any Designated Investment Company shares held in his Custodial Account shall be voted with respect to any matters coming before any meeting of shareholders of the investment company which issued such shares. The Custodian shall not vote shares held in the Custodial Account except as directed by the Participant. The Custodian shall deliver, or cause to be delivered, to the Participant all notices, prospectuses, financial statements, proxies, and proxy soliciting material relating to shares of Designated Investment Company stock held pursuant to this Individual Retirement Custodial Account. Subject to the limitations or requirements contained in this Custodial Account Agreement, the Custodian shall have the following powers:
Custodian Powers. You agree to grant us certain powers as Custodian. The laws of the State of Oklahoma grant certain powers to Custodians. You agree that we may exercise all these powers. We may also do what is necessary and appropriate to provide our services. When you buy and sell mutual funds, the Investment Subcustodian will register the securities under its name. It may also use the name of a nominee it designates. This allows the Investment Subcustodian to buy and sell mutual funds in large blocks, which reduces transaction costs.
Custodian Powers. The Custodian may delegate to one or more entities, including its affiliates, the performance of Custodian’s obligations under this Agreement and may appoint service providers, agents, sub- custodians and depositories, which may include Custodian’s affiliates, as to part or all of the assets of the Account. The Custodian may hold securities or other Account property in book entry form or through another agent or nominee, including without limitation in an omnibus account arrangement. The Account Owner authorizes the Custodian to adjust the balance of the Account as necessary to correct administrative errors, including improperly allocated contributions, distributions, earnings or losses, and authorizes adjustments to the Account Owner’s designated checking or savings accounts to facilitate error corrections. In the event a check or other instrument is returned for insufficient funds, the balance of the Account will be subject to adjustment by the Custodian. If the Custodian receives instructions from the Account Owner (or, after the death of the Account Owner, a beneficiary) which are, in the opinion of the Custodian, incomplete, unclear or otherwise not acceptable, the Custodian may request additional instructions from the Account Owner (or beneficiary) and may, pending the Custodian’s receipt of such instructions, take no action until further clarification acceptable to the Custodian is received by the Custodian. The Custodian shall not be liable to anyone for any loss resulting from delay caused by directions that are incomplete, unclear or otherwise not acceptable to the Custodian. Except as expressly provided otherwise in this Agreement, the Custodian shall have all the powers generally conferred on HSA custodians under the Code. Additionally, the Custodian shall also have the power to perform any and all acts that it deems necessary or appropriate for the proper custodial servicing of the Account.
