Notice of Sole Control under a Securities Account Control Agreement | Practical Law

Notice of Sole Control under a Securities Account Control Agreement | Practical Law

This is a standard form of notice used by a secured party to notify a securities intermediary that they should no longer accept instructions from their customer (the grantor) with respect to the securities accounts subject to a securities account control agreement among the securities intermediary, the secured party and the grantor. This Standard Document has integrated notes with important explanations and drafting tips.

Notice of Sole Control under a Securities Account Control Agreement

Practical Law Standard Document 3-507-0642 (Approx. 6 pages)

Notice of Sole Control under a Securities Account Control Agreement

by Practical Law Finance
MaintainedUSA (National/Federal)
This is a standard form of notice used by a secured party to notify a securities intermediary that they should no longer accept instructions from their customer (the grantor) with respect to the securities accounts subject to a securities account control agreement among the securities intermediary, the secured party and the grantor. This Standard Document has integrated notes with important explanations and drafting tips.