Common use of Right to Seek Assurance Clause in Contracts

Right to Seek Assurance. The Transfer Agent may refuse to transfer, exchange or redeem shares of the Fund or take any action requested by a shareholder until it is satisfied that the requested transaction or action is legally authorized or until it is satisfied that there is no basis for any claims adverse to the transaction or action. It may rely on the provisions of the Uniform Act for the Simplification of Fiduciary Security Transfers or the Uniform Commercial Code.

Appears in 7 contracts

Samples: Shareholders’ Servicing Agent Agreement (Columbia Acorn Trust), Transfer, Dividend Disbursing And (Columbia Acorn Trust), Shareholders’ Servicing Agent Agreement (Columbia Acorn Trust)

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