Account Form Statement For Mutual Fund In Illinois

• Category: Loans and Lending - Accounts Receivables
• State: Multi-State
• Control #: US-00400
• Format: Word; Rich Text

Description

The Account Form Statement for Mutual Fund in Illinois is a legal document used to assign accounts receivable from one party, known as the Assignor, to another party, referred to as the Assignee. This form outlines the details of the accounts being assigned, including the true balance, account debtor information, and the terms of the assignment. It includes representations from the Assignor that the accounts are genuine and not subject to disputes or contingent payments. Key features include the ability to assign secured or unsecured accounts and clauses detailing the rights and obligations of both parties. For attorneys, this form provides a structured way to manage financial asset transfers, while partners and owners can utilize it to streamline their business operations. Legal assistants and paralegals will find it useful for organizing documents related to accounts receivable assignments, ensuring clarity in financial transactions. Overall, this form is a crucial instrument for managing mutual fund accounts and enhancing financial accountability in business relationships.