Custodian - Disclaimer Clause Samples
The 'Custodian - Disclaimer' clause serves to limit or exclude the liability of a custodian for certain actions or omissions performed in the course of their duties. Typically, this clause clarifies that the custodian is not responsible for losses or damages arising from circumstances beyond their control, such as third-party actions, force majeure events, or reliance on instructions provided by the client. Its core practical function is to protect the custodian from legal claims related to risks inherent in their role, thereby allocating risk and ensuring that parties understand the boundaries of the custodian's responsibility.
Custodian - Disclaimer. The ▇▇▇▇ ▇▇▇ owner’s spouse may have a property interest in the account and may also have a right to dispose of that property interest by will. Therefore, the Custodian, together with the State Administrator, the Program Manager, any issuers, depositories and other persons or entities associated with the investments, specifically disclaim any warranty as to the effectiveness of the ▇▇▇▇ ▇▇▇ owner’s beneficiary designation, or any warranty as to the ownership of the account after the death of the ▇▇▇▇ ▇▇▇ owner or the ▇▇▇▇ ▇▇▇ owner’s spouse. For additional information, a qualified tax or legal professional should be consulted.
Custodian - Disclaimer. The ▇▇▇▇ ▇▇▇ owner’s spouse may have a property interest in the account and may also have a right to dispose of that property interest by will. Therefore, the Custodian, together with the State Administrator, the Program Manager, any issuers, depositories and other persons or entities associated with the investments, specifically disclaim any warranty as to the effectiveness of the ▇▇▇▇ IRA’s owner beneficiary designation, or any war ranty as to the ownership of the account after the death of the ▇▇▇▇ ▇▇▇ owner or the ▇▇▇▇ ▇▇▇ owner’s spouse. For additional information, a qualified tax or legal professional should be co nsulted.