Common use of Scope of Custodian’s Duties Clause in Contracts

Scope of Custodian’s Duties. It is my obligation to ensure that any transactions effected by me comply with all applicable laws and regulations. Xxxxxx Xxxxx shall have no duty to question, investigate or ascertain whether contributions, transfers, rollovers, distributions or any other account activity comply with the Code or whether the duties of those directing the activity have been satisfied. Xxxxxx Xxxxx shall not have any duty to question my directions regarding the purchase, reinvestment, diversification, retention or sale of assets credited to my Account.

Scope of Custodian’s Duties. It is my obligation to ensure that any transactions effected by me comply with all applicable laws and regulations. Xxxxxx Xxxxx shall have no duty to question, investigate or ascertain whether contributions, transfers, rollovers, distributions or any other account activity comply with the Code laws and regulations applicable to my Account or whether the duties of those directing the activity have been satisfied. Xxxxxx Xxxxx shall not have any duty to question my directions regarding the purchase, reinvestment, diversification, retention or sale of assets credited to my Account.