Common use of Limited Agency Clause in Contracts

Limited Agency. In all sales of Fund shares to the public, you shall act solely as agent for the account of your customer and, other than for the limited purpose of accepting orders for Fund shares from your customers for which you shall be authorized, except as otherwise provided in this Agreement or the Prospectus of the applicable Fund, to act as an agent of the Fund, in no transaction shall you have any authority to act as agent for any Fund or for us.

Appears in 19 contracts

Samples: Bank Selling Agreement (BNY Mellon U.S. Mortgage Fund, Inc.), Bank Selling Agreement (BNY Mellon Worldwide Growth Fund, Inc.), Bank Selling Agreement (BNY Mellon Opportunistic Municipal Securities Fund)

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