Dividend Account. The Transfer Agent will maintain a Dividend Account for the Fund. This account shall be established and operated so as to satisfy the following criteria: 1. This account shall be used to disburse cash in payment of dividends, capital gain distributions and returns of capital. 2. This account shall be operated in the same manner as the Redemption Account (see below) except as otherwise required by the purpose for which it shall be used; it may, at the election of the Transfer Agent, be operated as a combined account with the Redemption Account (see below).
Appears in 11 contracts
Sources: Transfer Agency Agreement (Prime Cash Fund), Transfer Agency Agreement (Aquila Narragansett Insured Tax Free Income Fund), Transfer Agency Agreement (Tax Free Fund of Colorado)