Common use of Change of Account Owner Clause in Contracts

Change of Account Owner. Neither federal gift tax nor the federal GST tax applies to a change of Account Owner if the new Account Owner is both an Eligible Individual and a Member of the Family of the Account Owner. The previous sentence does not apply to any other change of Account Owner.

Appears in 4 contracts

Samples: Program Disclosure Statement and Participation Agreement, Program Disclosure Statement and Participation Agreement, Program Disclosure Statement and Participation Agreement

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