Trust Funds. If permitted by applicable law, deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from Broker's personal accounts. Broker shall not be liable in event of bankruptcy or failure of a financial institution.
Appears in 23 contracts
Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement
Trust Funds. If permitted by applicable law, deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from BrokerXxxxxx's personal accounts. Broker shall not be liable in event of bankruptcy or failure of a financial institution.
Appears in 8 contracts
Samples: Property Management Agreement, Property Management Agreement, Property Management Agreement
Trust Funds. If permitted by applicable law, deposit Deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from Broker's ’s personal accounts. Broker shall not be liable in event of bankruptcy or failure of a financial institution.
Appears in 2 contracts
Samples: Property Management Agreement, Management Agreement
Trust Funds. If permitted by applicable law, deposit Deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from Broker's personal accountsaccounts as required by Iowa Law §§ 562A.12(2). Broker shall not be liable in event of bankruptcy or failure of a financial institution.
Appears in 2 contracts
Samples: Property Management Agreement, Property Management Agreement
Trust Funds. If permitted by applicable law, deposit Deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in a financial institution whose deposits are insured by an agency of the United States government. The funds shall be held in a trust account separate from BrokerXxxxxx's personal accountsaccounts as required by Iowa Law §§ 562A.12(2). Broker shall not be liable in event of bankruptcy or failure of a financial institution.
Appears in 1 contract
Samples: Property Management Agreement
Trust Funds. If permitted by applicable law, deposit Deposit all receipts collected for Owner, less any sums properly deducted or disbursed, in with a national or state financial institution whose deposits are insured by an agency of the United States government. The funds shall be held qualified in a trust account banking or trust, separate from Broker's Agent’s personal accounts. Broker Agent shall not be held liable in event of bankruptcy or failure of a financial institutiondepository.
Appears in 1 contract
Samples: Express Property Management Agreement and Authorization