Fiduciary Designation. A fiduciary is a person or organization named by will, trust or other legal document or appointed by a court to manage the funds or property of another. If you open this type of account, whether by court order or legal agreement, the Bank requires a certified copy of any necessary documents establishing your authority to act in this capacity. These documents will define your rights and duties as such fiduciary. The Bank is not responsible for use made of the funds by a fiduciary. If a question arises about your rights and duties as such fiduciary, the Bank will not permit you to exercise control over the account unless the Bank receives proof, satisfactory to the Bank, that you are authorized.
Appears in 6 contracts
Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement
