Reliance by Transfer Agent; Instructions. (a) The Transfer Agent will have no liability when acting upon Written or Oral Instructions believed to have been executed or orally communicated by an Authorized Person and will not be held to have any notice of any change of authority of any person until receipt of a Written Instruction thereof from the Fund pursuant to Section 4(c). The Transfer Agent will also have no liability when processing Share certificates which it reasonably believes to bear the proper manual or facsimile signatures of the officers of the Fund and the proper countersignature of the Transfer Agent.
Appears in 7 contracts
Samples: Transfer Agency and Registrar Agreement (Smith Barney World Funds Inc), Transfer Agency and Registrar Agreement (Inefficient Market Fund Inc), Transfer Agency and Registrar Agreement (Smith Barney Travelers Series Fund Inc)
