Authorized Legal Representative definition

Authorized Legal Representative means a person who may act on behalf of the Account Owner with respect to the account if the Account Owner (1) is unable to exercise signature authority over his or her account, or (2) chooses not to exercise signature authority over his or her account. The Authorized Legal Representative may be a parent or legal guardian of the Account Owner or may be a person granted a valid durable power of attorney to manage banking and investment matters on behalf of the Account Owner and to take all necessary actions on behalf of the Account Owner with respect to the account.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Authorized Legal Representative means someone legally au- thorized under federal or state law to make decisions for the individ- ual. An authorized legal representative is someone who:

Authorized Legal Representative means an Affiliate that, with the approval of the Directors, (i) holds Shares as legal representative for and acts as agent for, and/or for the benefit of and on behalf of, one or more identifiable groups or classes of persons holding a beneficial interest in such Shares and (ii) has no beneficial interest in the Shares so held.

Examples of Authorized Legal Representative in a sentence

Only you, as the Beneficiary, or, if one has been named, your Authorized Legal Representative, may direct withdrawals from your STABLE Account.
Upon withdrawal from the BankSafe Option, the amounts you invest in the BankSafe Option will always be greater than the amount of the total contributions you made to that Option, and Fifth Third will be obligated to pay that amount in full if so directed by the Beneficiary or an Authorized Legal Representative.
Whenever an action is required to be taken by a Beneficiary in connection with a STABLE Account, it must be taken by the Beneficiary’s Authorized Legal Representative acting in that capacity.
To reinstate a zero-balance account, the Beneficiary or the Authorized Legal Representative must complete a reinstatement online, and may need to complete a new enrollment Application.
The Authorized Legal Representative may be a parent or legal guardian of the Beneficiary or may be a person granted a Power of Attorney by the Beneficiary.
If the STABLE Account has not been terminated and the STABLE Account is presumed abandoned by applicable law and regulations, the Treasurer, after making reasonable efforts to contact the Authorized Legal Representative and the Beneficiary or their agents, shall report the unclaimed money in the STABLE Account to the extent required by any applicable law.
If I am acting as an Authorized Legal Representative on behalf of the Beneficiary, I represent that I have full power and authority to open the Account on behalf of the Beneficiary and to enter into this Participation Agreement.
ABLE plans are not intended to be used for, nor should they be used by, any Beneficiary or Authorized Legal Representative to supplant relevant state guardianship, conservatorship, estate/probate, or similar laws or court orders, or for the purpose of evading federal or state income taxes or any tax penalties.
If a dispute develops between an Authorized Legal Representative and the Plan Parties or between the Beneficiary and the Plan Parties related to the Beneficiary’s STABLE Account transactions or other administrative matters involving a STABLE Account, then the parties will submit to non binding mediation to address the dispute.
The parties hereby establish the following out of court alternate dispute resolution procedure to be followed in the event of certain controversies or disputes involving STABLE or this Agreement that may arise between (a) an Authorized Legal Representative and/or Beneficiary and (b) the Plan Manager, the Investment Advisor, the Investment Manager, and the Custodian, or their respective affiliates, officers, directors, employees and agents (collectively, the “Plan Parties”).

More Definitions of Authorized Legal Representative

Authorized Legal Representative means an Affiliate that, with the approval of the Directors, (i ) holds Shares as legal representative for and acts as agent for, and/or for the benefit of and on behalf of, one or more identifiable groups or classes of persons holding a beneficial in such Shares and (ii) has no beneficial interest in the Shares so held.

Authorized Legal Representative means a person or entity who may establish and/or act on behalf of the Account Owner with respect to the Account. Only those individuals or entities who self-certify under penalty of perjury that they are authorized by 26 CFR 1.529A-2(1)(i)(B)-(C) to establish an Account on behalf of an Account Owner are permitted to act as an Authorized Legal Representative.

Authorized Legal Representative means any person or entity authorized by law to act on behalf of the child.

Authorized Legal Representative means ….