Proper order definition
Proper order means your request for a redemption must include your letter of instruction, including the Fund name, account number, account name(s), the address and the dollar amount or number of shares you wish to redeem. This request must be signed by all registered share owner(s) in the exact name(s) and any special capacity in which they are registered. The Funds require that signatures be guaranteed by a bank or member firm of a national securities exchange if you are requesting a redemption of $5,000 or more, or a redemption of any amount payable to a person other than the shareholder of record, or if you request the proceeds be sent to an address other than the address on record. Signature guarantees are for the protection of shareholders. At the discretion of the Fund or he transfer agent, you may be required to furnish additional legal documents prior to redemption to insure proper authorization.
Examples of Proper order in a sentence
Proper order of call will be in compliance with Article 14, Section 1 of the Pick-up and Delivery Operational Supplementthis Article.
Proper order of call will be in compliance with the Pick-up and Delivery Operational Supplement.