Securities or Other Property definition
Examples of Securities or Other Property in a sentence
You understand and agree that the Securities or Other Property in your Securities Accounts may be transferred to the appropriate state if we are unable to contact you by mail or email and no activity has occurred in the Securities Accounts within the time period specified by state law.
Upon termination, you authorize us to: ● cancel any open orders and close any outstanding contracts; ● distribute the assets in your Securities Accounts to you after we deduct any fees associated with your Securities Accounts; and/or ● sell your Securities or Other Property at your risk and expense.
We cannot be held responsible for losses if we sell any of your Securities or Other Property upon termination even if liquidation or distribution would cause taxable consequences to you, or for the tax consequences of liquidating assets or distributing them to you.