Common use of Investments Conform to All Applicable Regulations and Securities Clause in Contracts

Investments Conform to All Applicable Regulations and Securities. Laws (a) You are responsible for ensuring that the assets within your IRA Account and all transactions connected with your IRA Account comply with South Dakota regulations, other applicable federal and state regulations, rulings, and this Agreement. By signing the IRA Account application and receiving this Agreement, you acknowledge that none of the assets in your IRA Account violate any federal and state Regulations. We have no duty to determine whether your contributions or distributions comply with the relevant laws. (b) You represent to us that if any investment by your IRA is a security under applicable federal or state securities laws, such investment has been registered or is exempt from registration under federal and state securities laws; and you release and waive all claims against us for our role in carrying out your instructions with respect to such investment. (c) You acknowledge that the foregoing representation is being relied upon by us in accepting your investment directions and you agree to indemnify us with respect to all costs, expenses (including attorneys’ fees), fines, penalties, liabilities, damages, actions, judgments and claims arising out of such investment and/or a breach of the foregoing representation, including, without limitation, claims asserted by you.

Appears in 1 contract

Samples: Traditional Individual Retirement Custodial Account Agreement

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Investments Conform to All Applicable Regulations and Securities. Laws (a) You are responsible for ensuring that the assets within your IRA Account and all transactions connected with your IRA Account comply with South Dakota regulations, other applicable federal and state regulations, rulings, rulings and this Agreement. By signing the IRA Account application and receiving this Agreement, you acknowledge that none of the assets in your IRA Account violate any federal and state RegulationsRegulation. We have no duty to determine whether your contributions or distributions comply with the relevant laws. (b) You represent to us that if any investment by your IRA is a security under applicable federal or state securities laws, such investment has been registered or is exempt from registration under federal and state securities laws; and you release and waive all claims against us for our role in carrying out your instructions with respect to such investment. You acknowledge that you will not direct the purchase or sale of a security which is not marketable under the securities law of the appropriate state, nor, without limiting the generality of the foregoing, direct any investment that would be illegal under federal, state or local law. (c) You acknowledge that the foregoing representation is being relied upon by us in accepting your investment directions and you agree to indemnify us with respect to all costs, expenses (including attorneys’ fees), fines, penalties, liabilities, damages, actions, judgments judgements and claims arising out of such investment and/or a breach of the foregoing representation, including, without limitation, claims asserted by you.

Appears in 1 contract

Samples: Custodial Agreement

Investments Conform to All Applicable Regulations and Securities. Laws (a) You are responsible for ensuring that the assets within your IRA Account and all transactions connected with your IRA Account comply with South Dakota regulations, other applicable federal and state regulations, rulings, rulings and this Agreement. By signing the IRA Account application and receiving this Agreement, you acknowledge that none of the assets in your IRA Account violate any federal and state RegulationsRegulation. We have no duty to determine whether your contributions or distributions comply with the relevant laws. (b) You represent to us that if any investment by your IRA is a security under applicable federal or state securities laws, such investment has been registered or is exempt from registration under federal and state securities laws; and you release and waive all claims against us for our role in carrying out your instructions with respect to such investment. (c) You acknowledge that the foregoing representation is being relied upon by us in accepting your investment directions and you agree to indemnify us with respect to all costs, expenses (including attorneys’ fees), fines, penalties, liabilities, damages, actions, judgments judgements and claims arising out of such investment and/or a breach of the foregoing representation, including, without limitation, claims asserted by you.

Appears in 1 contract

Samples: Traditional Individual Retirement Custodial Account Agreement

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Investments Conform to All Applicable Regulations and Securities. Laws (a) You are responsible for ensuring that the assets within your IRA Account and all transactions connected with your IRA Account comply with South Dakota regulations, other applicable federal and state regulations, rulings, and this Agreement. By signing the IRA Account application and receiving this Agreement, you acknowledge that none of the assets in your IRA Account violate any federal and state Regulations. We have no duty to determine whether your contributions or distributions comply with the relevant laws. (b) You represent to us that if any investment by your IRA is a security under applicable federal or state securities laws, such investment has been registered or is exempt from registration under federal and state securities laws; and you release and waive all claims against us for our role in carrying out your instructions with respect to such investment. (c) You acknowledge that the foregoing representation is being relied upon by us in accepting your investment directions and you agree to indemnify us with respect to all costs, expenses (including attorneys’ fees), fines, penalties, liabilities, damages, actions, judgments and claims arising out of such investment and/or a breach of the foregoing representation, including, without limitation, claims asserted by you.

Appears in 1 contract

Samples: Traditional Individual Retirement Custodial Account Agreement

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