FORM OF CUSTODY AND SAFEKEEPING. (a) FORM OF CUSTODY. Custodian shall be responsible for safekeeping Account Securities. Custodian is authorized to (i) retain physical possession of Account Securities, and/or (ii) deposit Account Securities with a Depository or Sub-Custodian (hereinafter defined) selected by Custodian pursuant to paragraph 8(b) and which is approved by the Company; provided, however that if the Company shall deliver to Custodian foreign securities to be treated as Account Securities, then Custodian is authorized to (i) retain physical possession of such foreign securities, and/or ii) deposit such foreign securities with a Depository or Sub-Custodian selected by Custodian pursuant to paragraph 8(b). For purposes of this section a foreign security means a security that is issued by an entity that is not domiciled in the United States or a United States territory.
Appears in 2 contracts
Sources: Custodian Account Agreement (FBL Money Market Fund Inc), Custodian Account Agreement (FBL Series Fund Inc)
FORM OF CUSTODY AND SAFEKEEPING. (a) FORM OF CUSTODY. Custodian shall be responsible for safekeeping Account Securities. Custodian is authorized to (i) retain physical possession of Account Securities, and/or (ii) deposit Account Securities with a Depository or Sub-Custodian (hereinafter defined) selected by Custodian pursuant to paragraph 8(b) and which is approved by the Company; Company-, provided, however that if the Company shall deliver to Custodian foreign securities to be treated as Account Securities, then Custodian is authorized to (i) retain physical possession of such foreign securities, and/or ii) deposit such foreign securities with a Depository or Sub-Custodian selected by Custodian pursuant to paragraph 8(b). For purposes of this section a foreign security means a security that is issued by an entity that is not domiciled in the United States or a United States territory.
Appears in 1 contract
Sources: Custodian Account Agreement (FBL Variable Insurance Series Fund)