Common use of TRANSFERABILITY/ASSIGNMENT Clause in Contracts

TRANSFERABILITY/ASSIGNMENT. The ownership of an ICA Account may not be transferred by you except with the express written consent of the ICA Custodian and StoneCastle or otherwise by operation of law. Any purported transfer shall not be binding on the ICA Custodian, StoneCastle or the Depository Banks until sufficient documentation has been received.

Appears in 2 contracts

Sources: Ica Custody Agreement, Ica Custody Agreement