Rights and Obligations of Survivors. (not applicable to residents of Québec) In the event of the death of any of the Clients:
Rights and Obligations of Survivors. (not applicable to residents of Quebec) In the event of the death of any of the Clients: the surviving Client or Clients will immediately give SFI written notice thereof; SFI is authorized prior to the receipt of the written notice of the decedent’s death to execute orders and deal with and for the account as though the death had not occurred; SFI is authorized, prior to or after, the receipt of the written notice of the decedent’s death, to take such proceedings, require such papers, retain such property or restrict transactions in the account as we may consider advisable to protect us against any tax, liability, penalty or loss under any present or future laws or otherwise; and the estate of the decedent and each survivor shall continue to be liable to SFI, jointly and severally, for any debts, obligations, liabilities or losses in respect of the account, including, without limitation, those resulting from the completion of transactions initiated prior to the receipt by us of the written notice of the decedent’s death or incurred in the liquidation of the account or the adjustment of the interests of the Clients.
Rights and Obligations of Survivors. (for residents of Quebec only) In the event of the death of any of the Clients: the surviving Client or Clients will immediately give SFI written notice thereof; SFI is are authorized prior to or after the receipt of the written notice of the decedent’s death, to take such proceedings, require such papers, retain such property or restrict transactions in the account as we may consider advisable to protect us against any tax, liability, penalty or loss under any present or future laws or otherwise; and the estate of the decedent, which estate will be bound to the terms hereof, and each survivor, the heirs and assigns of each Client will continue to be liable to SFI, jointly and severally, for any debts, obligations, liabilities or losses in respect of the account, including, without limitation, those resulting from the completion of transactions initiated prior to the receipt by us of the written notice of the decedent’s death or incurred in the liquidations of the account.
