Common use of Reopening of Account Clause in Contracts

Reopening of Account. In the event a security is not transferred to a new trustee or custodian, residual assets are not automatically moved to a new trustee or custodian, or checks representing a total Account distribution are not cashed, the Custodian reserves the right to reopen the Account.

Appears in 16 contracts

Samples: legal.atomicvest.com, d1xhgr640tdb4k.cloudfront.net, Simple Ira Custodial Account Agreement

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