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Exhibit 1 DESIGNATION OF DEPOSITORY FORM and EMPLOYER IDENTIFICATION NUMBER STATE OF TENNESSEE, DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT DESIGNATION OF DEPOSITORY FOR DIRECT DEPOSIT OF CONTRACT
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How to fill out designation of depositary form
How to fill out a designation of depositary form:
01
Obtain the form: Start by obtaining a designation of depositary form from the relevant financial institution or organization. This form may be available online, at the institution's office, or through other means.
02
Provide personal information: The form will typically require personal information such as your name, address, phone number, and email. Fill in these details accurately and legibly.
03
Identify the account: Indicate the account for which you are designating a depositary. This could be a bank account, investment account, or any other type of financial account.
04
Designate a depositary: Specify the name and contact information of the depositary you are appointing. This could be a financial institution, a specific individual, or any other authorized entity.
05
Include signatures: Ensure that the form is signed and dated appropriately. If required, gather any additional signatures or authorizations from the depositary and other relevant parties.
Who needs a designation of depositary form:
01
Executors or administrators: Executors or administrators of an estate may need a designation of depositary form to officially designate a financial institution or individual to hold the estate's assets.
02
Trustees or custodians: Trustees or custodians overseeing trust funds or custodial accounts may require a designation of depositary form to designate the financial institution where the funds will be held.
03
Court-appointed representatives: Court-appointed representatives, such as guardians, conservators, or receivers, may utilize a designation of depositary form to identify the financial institution where funds under their stewardship will be deposited.
Remember to consult with a legal professional or financial advisor to determine specific requirements and regulations regarding the designation of depositary, as they may vary depending on the jurisdiction and the nature of the assets involved.
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What is designation of depositary form?
Designation of depositary form is a document used to designate a depositary financial institution for certain investments or accounts.
Who is required to file designation of depositary form?
The individual or entity who is making the designation of the depositary is required to file the form.
How to fill out designation of depositary form?
The form can be filled out by providing the required information about the depositary financial institution being designated.
What is the purpose of designation of depositary form?
The purpose of the form is to officially designate a depositary financial institution for specific investments or accounts.
What information must be reported on designation of depositary form?
The form typically requires information such as the name and address of the depositary financial institution, account details, and signatures.
How do I execute designation of depositary form online?
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