Banking Activities. I understand that you are not a bank and that you believe that providing the Valet Account does not constitute banking under the laws of any state. Final adverse rulings in any state that the Valet Account or certain features of the Valet Account constitute unauthorized banking therein or the adoption of legislation by any state affecting the Valet Account could force you to cease offering the Valet Account or certain features of the Valet Account in such state. If you determine such rulings or legislation require closure of my Securities Account, my Securities Account will be cancelled.
Appears in 2 contracts
Sources: Valet Asset Management Account Agreement, Valet Asset Management Account Agreement