Common use of Liability After Termination Clause in Contracts

Liability After Termination. Upon termination of the Custodial Account, this Agreement shall terminate and have no further force and effect, and the Custodian shall be relieved from all further liability with respect to this Agreement, the Custodial Account, and all assets so distributed.

Appears in 2 contracts

Sources: 403(b)(7) Individual Custodial Account Agreement, Custodial Account Agreement