PHYSICAL CUSTODY. Custodian shall ensure that Account Securities are at all times properly identified as belonging solely to Company. In this regard, Custodian shall physically segregate Account Securities from any property owned by Custodian. Custodian shall not be required to physically segregate Account Securities (other than bearer securities which shall be so segregated) from other securities or property held by Custodian for third parties, but Custodian shall maintain adequate records showing the true ownership of Account Securities.
Appears in 3 contracts
Sources: Custodian Account Agreement (FBL Money Market Fund Inc), Custodian Account Agreement (FBL Variable Insurance Series Fund), Custodian Account Agreement (FBL Series Fund Inc)