Unclaimed Property Services. FTIS shall employ commercially reasonable measures to comply on behalf of the Investment Company with the unclaimed property laws and regulations of the states and territories of the United States ("Unclaimed Property Laws") with respect to Eligible Property (as defined below). In connection with its performance of the foregoing services ("Unclaimed Property Services"), FTIS and its agents shall be entitled to rely on the written advice of counsel with respect to the interpretation of and compliance with the Unclaimed Property Laws and interaction with the agencies enforcing and administering the Unclaimed Property Laws and neither shall be liable for conduct undertaken in accordance with such advice, provided such advice is a reasoned interpretation of such Unclaimed Property Laws.
Appears in 54 contracts
Samples: Transfer Agent and Shareholder Services Agreement (Franklin Custodian Funds), Transfer Agent and Shareholder Services Agreement (Franklin High Income Trust), Transfer Agent and Shareholder Services Agreement (Franklin Managed Trust)
Unclaimed Property Services. FTIS shall employ commercially reasonable measures to comply on behalf of the Investment Company with the unclaimed property laws and regulations of the states and territories of the United States ("“Unclaimed Property Laws"”) with respect to Eligible Property (as defined below). In connection with its performance of the foregoing services ("“Unclaimed Property Services"”), FTIS and its agents shall be entitled to rely on the written advice of counsel with respect to the interpretation of and compliance with the Unclaimed Property Laws and interaction with the agencies enforcing and administering the Unclaimed Property Laws and neither shall be liable for conduct undertaken in accordance with such advice, provided such advice is a reasoned interpretation of such Unclaimed Property Laws.
Appears in 15 contracts
Samples: Transfer Agent and Shareholder Services Agreement (Franklin Templeton Variable Insurance Products Trust), Transfer Agent and Shareholder Services Agreement (Franklin Fund Allocator Series), Transfer Agent and Shareholder Services Agreement (Franklin Strategic Series)
