Common use of UGMA/UTMA Funds in an Account Clause in Contracts

UGMA/UTMA Funds in an Account. (a) The rights of an Account Owner acting in a custodial capacity for a minor under UGMA/UTMA are limited by the applicable UGMA/UTMA laws and by the Program with respect to those funds. The Account Owner solely is responsible for ensuring compliance with all UGMA/UTMA requirements.

Appears in 5 contracts

Samples: www.itppv.com, www.itppv.com, www.itppv.com

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UGMA/UTMA Funds in an Account. (a) The rights of an Account Owner acting in a custodial capacity for a minor under UGMA/UTMA are limited by the applicable UGMA/UTMA laws and by the Program with respect to those funds. The Account Owner solely is responsible for ensuring compliance with all UGMA/UGMA/ UTMA requirements.

Appears in 1 contract

Samples: Participation Agreement

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