Common use of Minor Accounts Clause in Contracts

Minor Accounts. A parent or legal guardian may execute the Individual Retirement Account Authorization Form on behalf of a minor. In the event this Xxxx XXX is established for a minor, the parent or legal guardian is authorized, on behalf of such minor, to take whatever actions are afforded under the terms of this Agreement, other than designating any beneficiaries. Xxxxxx Xxxxx has no obligation or duty to investigate, review or question the action of the parent or legal guardian. The parent or legal guardian, by establishing this Xxxx XXX on behalf of a minor, agrees to indemnify and hold harmless Xxxxxx Xxxxx and its affiliates from any losses, claims or damages, including court costs and reasonable attorney fees incurred by Xxxxxx Xxxxx or its affiliates, as a result of or in connection with establishing or maintaining the Xxxx XXX in the name of the minor.

Appears in 2 contracts

Samples: Custodial Agreement, Custodial Agreement

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Minor Accounts. A parent or legal guardian may execute the Individual Retirement Account Authorization Form on behalf of a minor. In the event this Xxxx XXX IRA is established for a minor, the parent or legal guardian is authorized, on behalf of such minor, to take whatever actions are afforded under the terms of this Agreement, other than designating any beneficiaries. Xxxxxx Xxxxx has no obligation or duty to investigate, review review, or question the action of the parent or legal guardian. The parent or legal guardian, by establishing this Xxxx XXX IRA on behalf of a minor, agrees to indemnify and hold harmless Xxxxxx Xxxxx and its affiliates from any losses, claims or damages, including court costs and reasonable attorney fees incurred by Xxxxxx Xxxxx or its affiliates, as a result of or in connection with establishing or maintaining the Xxxx XXX this IRA in the name of the minor.

Appears in 2 contracts

Samples: Retirement Account Custodial Agreement, Custodial Agreement

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Minor Accounts. A parent or legal guardian may execute the Individual Retirement Account Authorization Form on behalf of a minor. In the event this Xxxx XXX is established for a minor, the parent or legal guardian is authorized, on behalf of such minor, to take whatever actions are afforded under the terms of this Agreement, other than designating any beneficiaries. Xxxxxx Xxxxx has no obligation or duty to investigate, review review, or question the action of the parent or legal guardian. The parent or legal guardian, by establishing this Xxxx XXX on behalf of a minor, agrees to indemnify and hold harmless Xxxxxx Xxxxx and its affiliates from any losses, claims or damages, including court costs and reasonable attorney fees incurred by Xxxxxx Xxxxx or its affiliates, as a result of or in connection with establishing or maintaining the Xxxx this XXX in the name of the minor.

Appears in 2 contracts

Samples: Custodial Agreement, Custodial Agreement

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