Dealings with Trustee. Persons dealing with the Trustee shall be under no obligation to see to the proper application of any money paid or property delivered to the Trustee or to inquire into the Trustee's authority as to any transaction.
Appears in 11 contracts
Samples: Trust Agreement (Lasalle Partners Inc), Benefit Protection Trust Agreement (Dime Bancorp Inc), Trust Agreement (Phillips Petroleum Co)
Dealings with Trustee. Persons dealing with the Trustee 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 delivered to transferred upon the order of the Trustee or to inquire into the Trustee's authority as to any transaction.
Appears in 8 contracts
Samples: Trust Agreement (Massachusetts Fincorp Inc), Trust Agreement (Virginia Capital Bancshares Inc), Trust Agreement (South Jersey Financial Corp Inc)
Dealings with Trustee. Persons dealing with the Trustee 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 delivered to transferred upon the order of the Trustee or to inquire into the Trustee's authority as to any transaction.
Appears in 2 contracts
Samples: Trust Agreement (Pulaski Bancorp Inc), Trust Agreement (Security of Pennsylvania Financial Corp)
Dealings with Trustee. Persons dealing with the Trustee 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 delivered to transferred upon the order of the Trustee or to inquire into the Trustee's authority as to any transaction.
Appears in 1 contract
Dealings with Trustee. Persons dealing with the Trustee shall be under no obligation to see to the proper application of any money paid or property delivered to the Trustee or to inquire into the Trustee's ’s authority as to any transaction.
Appears in 1 contract
