Common use of Lost Shareholder Services Clause in Contracts

Lost Shareholder Services. a. After two mailings sent by the Transfer Agent to a shareholder have been returned undeliverable (“RPO Accounts”), a stop-mail code is put on that shareholder’s account. The Transfer Agent then performs the two SEC mandated searches for lost shareholders using the information data bases of a third party vendor (currently Lexis Nexis) to attempt to locate the lost shareholder.

Appears in 5 contracts

Samples: Transfer Agency and Service Agreement (Allspring Funds Trust), Transfer Agency and Service Agreement (Allspring Variable Trust), Transfer Agency and Service Agreement (Allspring Funds Trust)

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Lost Shareholder Services. a. After two mailings sent by the Transfer Agent to a shareholder have been returned by the post office as undeliverable (“RPO Accounts”), a stop-mail code is put on that shareholder’s account. The Transfer Agent then performs the two SEC mandated searches for lost shareholders using the information data bases of a third party vendor (currently Lexis Nexis) to attempt to locate the lost shareholder.

Appears in 1 contract

Samples: Transfer Agency and Service Agreement (Commerce Funds)

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