Common use of TERMS AND CONDITIONS APPLICABLE TO ALL CUSTODIAL ACCOUNTS Clause in Contracts

TERMS AND CONDITIONS APPLICABLE TO ALL CUSTODIAL ACCOUNTS. The transferor/custodian is opening an Account as custodian for the minor named on the Signature Card or Share Certificate under the Uniform Transfers to Minors Act. The transfer of money to the minor named on the Signature Card or Share Certificate, which transfer shall be deemed to include all dividends and any future additions thereto, is irrevocable and is made in accordance with and to include all provisions of the said statute of the State of California now in effect or hereinafter amended. You acknowledge that by signing the Signature Card or Share Certificate, you have received the funds deposited to the account as custodian for the minor named herein under the Uniform Transfers to Minors Act. The successor custodian named in the Signature Card or Share Certificate shall serve if you should be unable to act as custodian because you resign, die, or become legally incapacitated.