Validation Receipt of Good Subscription Funds. Procedures and criteria are to be established by the Transfer Agent and approved by the Fund for the purpose of providing assurance that good (collected) funds were received from Shareholders prior to paying out any redemption proceeds (under a Plan account or as a result of one or more specific redemption requests). Such procedures are to deal with:
Appears in 11 contracts
Samples: Transfer Agency Agreement (Aquila Narragansett Insured Tax Free Income Fund), Transfer Agency Agreement (Tax Free Fund for Utah), Transfer Agency Agreement (Tax Free Fund of Colorado)
