Common use of Exception for Uniform Transfer to Minor Accounts Clause in Contracts

Exception for Uniform Transfer to Minor Accounts. An Account may be opened as a custodial account (a “Custodial Account”) for the benefit of a minor pursuant to the Tennessee Uniform Transfers to Minors Act, Tenn. Code Xxx. 35-7-101 et seq. As the custodian for such an Account, you agree, acknowledge and assume all responsibilities as custodian under applicable laws and regulations. You agree you will not access the Custodial Account, transfer funds into or out of the Account or use the Account for any reason other than for the benefit of the person over whom you have custody pursuant to your responsibilities as custodian. You release and hold us harmless from any liability for any use or transactions made on the Account that are in violation of these terms, this Agreement or applicable law.

Appears in 14 contracts

Samples: Account Agreement, Account Agreement, Demand Deposit Account Agreement

AutoNDA by SimpleDocs

Exception for Uniform Transfer to Minor Accounts. An Account may be opened as a custodial account (a “Custodial Account”) for the benefit of a minor pursuant to the Tennessee Uniform Transfers to Minors Act, Tenn. Code Xxx. 35-7-101 et seq. As the custodian for such an Account, you agree, acknowledge and assume all responsibilities as custodian under applicable laws and regulations. You agree you will not access the Custodial Account, transfer funds into or out of the Account or use the Account for any reason other than for the benefit of the person over whom you have custody pursuant to your responsibilities as custodian. You release and hold us harmless from any liability for any use or transactions made on the Account that are in violation of these terms, this Agreement or applicable law.law.‌‌‌‌‌‌‌‌‌

Appears in 5 contracts

Samples: assets.website-files.com, assets.website-files.com, cdn.juno.finance

Exception for Uniform Transfer to Minor Accounts. An Account may be opened as a custodial account (a “Custodial Account”) for the benefit benefit of a minor pursuant to the Tennessee Uniform Transfers to Minors Act, Tenn. Code Xxx. 35-7-101 et seq. As the custodian for such an Account, you agree, acknowledge and assume all responsibilities as custodian under applicable laws and regulations. You agree you will not access the Custodial Account, transfer funds into or out of the Account or use the Account for any reason other than for the benefit benefit of the person over whom you have custody pursuant to your responsibilities as custodian. You release and hold us harmless from any liability for any use or transactions made on the Account that are in violation of these terms, this Agreement or applicable law.law.‌‌‌‌‌‌‌‌‌

Appears in 1 contract

Samples: cdn.synapsepay.com

AutoNDA by SimpleDocs

Exception for Uniform Transfer to Minor Accounts. An Account may be opened as a custodial account (a “Custodial Account”) for the benefit of a minor pursuant to the Tennessee Uniform Transfers to Minors Act, Tenn. Code Xxx. 35-35- 7-101 et seq. As the custodian for such an Account, you agree, acknowledge and assume all responsibilities as custodian under applicable laws and regulations. You agree you will not access the Custodial Account, transfer funds into or out of the Account or use the Account for any reason other than for the benefit of the person over whom you have custody pursuant to your responsibilities as custodian. You release and hold us harmless from any liability for any use or transactions made on the Account that are in violation of these terms, this Agreement or applicable law.

Appears in 1 contract

Samples: Account Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.