Dealings with the Trustee. Persons dealing with the Trustee, including, but not limited to, banks, brokers, dealers, and insurers, shall be under no obligation to inquire concerning the validity of anything which the Trustee purports to do, nor need any person see to the proper application of any money paid or any property transferred upon the order of the Trustee or to inquire into the Trustee’s authority as to any transaction.
Appears in 11 contracts
Samples: Trust Agreement (Polonia Bancorp), Trust Agreement (Madison Bancorp Inc), Trust Agreement (Beneficial Mutual Bancorp Inc)
Dealings with the Trustee. Persons dealing with the Trustee, including, but not limited to, banks, brokers, dealers, and insurers, Trustee shall be under no obligation to inquire concerning the validity of anything which the Trustee purports to do, nor need any person see to the proper application of any money paid or any property transferred upon the order of delivered to the Trustee or to inquire into the Trustee’s authority as to any transaction.
Appears in 4 contracts
Samples: Trust Agreement (Amr Corp), Trust Agreement (Amr Corp), Trust Agreement (American Airlines Inc)
