Lifecycle of a Statement Construct

The following diagram illustrates the lifecycle of a statement construct.

The figure indicates how a statement construct moves from one status to another in its lifecycle.

Active The statement construct will be in this status while a person is actively receiving statements for the accounts and contracts linked to this construct. A statement construct may transition from this status to inactive.

Inactive The statement construct will be in this status when a person no longer wishes to receive statements for the accounts and contracts linked to this construct. A statement construct may transition from this status back to active.