Assets definition
Examples of Assets in a sentence
Such statements, advices or notifications shall indicate the identity of the entity having custody of the Assets.
Customer represents that the Assets being placed in the Bank's custody are subject to the Investment Company Act of 1940 (the Act), as the same may be amended from time to time.
Customer represents that the Assets deposited in the Accounts are (Check one): X1 Employee Benefit Plan or other assets subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); X2 Mutual Fund assets subject to certain Securities and Exchange Commission (“SEC”) rules and regulations; X3 Neither of the above.
If notice of termination is given by the Bank, the Customer shall, within ninety (90) days following receipt of the notice, deliver to the Bank Instructions specifying the names of the persons to whom the Bank shall deliver the Assets.
The Bank will send the Customer an advice or notification of any transfers of Assets to or from the Accounts.