(A) The investor shall give his, her or its investment direction only to the Plan Administrator, except as otherwise permitted by a uniform written procedure adopted by the Plan Administrator. Notwithstanding that this plan’s procedure may permit the recordkeeper to receive investment instructions, any investment direction is not effective unless and until actually delivered in good form to and accepted by the Plan Administrator.
(B) For any investment, notwithstanding any service or assistance that may be provided by the agent, only the issuer(s) has authority to accept an investment direction and any direction is effective only when and as so received. Nothing in this plan or otherwise shall be construed to enlarge or augment any legal obligation of the agent.
(Ord. NIRC 97-1, passed 1-15-1997)