Escrow Agreement {JUS-TOB6} | Pdf Fpdf Docx | California

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Escrow Agreement {JUS-TOB6} | Pdf Fpdf Docx | California

Last updated: 7/20/2023

Escrow Agreement {JUS-TOB6}

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Description

JUS-TOB6 - APPROVED TOBACCO ESCROW AGREEMENT. This form is used by Non-Participating Tobacco Manufacturers (NPMs) who have not joined the Master Settlement Agreement (MSA) with certain states in the US. It establishes a Qualified Escrow Fund to cover potential future liabilities related to tobacco sales in specific states. The agreement appoints an Escrow Agent to manage the fund, outlines investment guidelines, and specifies conditions for fund withdrawals, including payments for judgments or settlements and after a specific duration of deposit. It ensures compliance with state laws and regulations related to tobacco sales and the MSA. www.FormsWorkflow.com

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