Dealings with Trustee. Persons dealing with the Trustee, including ---------------------- but not limited to banks, brokers, dealers, and insurers, shall be under no obligation to inquire concerning the validity of anything which the Trustee purports to do, nor need any person see to the proper application of any money paid or any property transferred upon the order of the Trustee or to inquire into the Trustee's authority as to any transaction.
Appears in 8 contracts
Samples: Trust Agreement (Woronoco Bancorp Inc), Trust Agreement (Massachusetts Fincorp Inc), Trust Agreement (South Jersey Financial Corp Inc)
Dealings with Trustee. Persons dealing with the Trustee, including ---------------------- but not limited to banks, brokers, dealers, and insurers, shall be under no obligation to inquire concerning the validity of anything which the Trustee purports to do, nor need any person see to the proper application of any money paid or any property transferred upon the order of the Trustee or to inquire into the Trustee's authority as to any transaction.
Appears in 2 contracts
Samples: Trust Agreement (Security of Pennsylvania Financial Corp), Trust Agreement (Pulaski Bancorp Inc)
Dealings with Trustee. Persons dealing with the Trustee, including ---------------------- but --------------------- not limited to banks, brokers, dealers, and insurers, shall be under no obligation to inquire concerning the validity of anything which the Trustee purports to do, nor need any person see to the proper application of any money paid or any property transferred upon the order of the Trustee or to inquire into the Trustee's authority as to any transaction.
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