Records of Assets. The Agent shall establish an account in the name of and on behalf of each Principal for the investment of cash transferred to such accounts The Agent shall inventory, safe keep, and receipt for all assets transferred by the Principal to the account of Principal. The Agent shall maintain records of all assets and transactions and shall account to the Principal as agreed. Each account shall include an inventory of the Principal’s assets and a description of all receipts, disbursements, and other transactions effected on the Principal’s behalf.
Appears in 2 contracts
Sources: Investment Agency Agreement (Viking Mutual Funds), Investment Agency Agreement (Integrity Funds)