Use of Subcustodians. The Custodian may make arrangements, where appropriate, with other banks having not less than two million dollars aggregate capital, surplus and undivided profits for the custody of securities. Any such bank selected by the Custodian to act as subcustodian shall be deemed to be the agent of the Custodian.
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Samples: Page 1 Custodian Agreement (Ids Tax Exempt Bond Fund Inc), Page 1 Custodian Agreement (Ids High Yield Tax Exempt Fund Inc /Mn/), Page 1 Custodian Agreement (Ids High Yield Tax Exempt Fund Inc /Mn/)
Use of Subcustodians. The Custodian may make arrangements, where appropriate, and as approved by the Corporation, with other national banks having not less than two million dollars aggregate capital, surplus and undivided profits for the custody of securities. Any such bank selected by the Custodian to act as subcustodian shall be deemed to be the agent of the Custodian.
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