Common use of Custodial Account Clause in Contracts

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer to Minors Act". There may be only one custodian and one minor as beneficiary for each minor account.

Appears in 12 contracts

Samples: www.peoplesbank-wa.com, Deposit Account Agreement, Deposit Account Agreement

AutoNDA by SimpleDocs

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer to Minors Act". There may be only one custodian and one minor as beneficiary for each minor account.

Appears in 9 contracts

Samples: Avidia Bank Disclosures, Hsa Custodial Agreement, Hsa Custodial Agreement

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer Transfers to Minors Act". There may be only one custodian and one minor as beneficiary for each minor account.

Appears in 6 contracts

Samples: Deposit Account Agreement, Deposit Account Agreement, Deposit Account Agreement

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer to Minors Act". .” There may be only one custodian and one minor as beneficiary for each minor account.

Appears in 6 contracts

Samples: General Agreement, General Agreement, General Agreement

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer to Minors Act". There may be only one custodian up to two custodians and one minor as beneficiary for each minor account.

Appears in 1 contract

Samples: Deposit Account Agreement

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer Transfers to Minors Act". There may be only one custodian and one minor as beneficiary for each minor account.

Appears in 1 contract

Samples: Electronic Banking Agreement

AutoNDA by SimpleDocs

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Uniformed Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer Transfers to Minors Act". There may be only one custodian and one minor as beneficiary for each minor account.

Appears in 1 contract

Samples: Electronic Records Disclosure and Agreement

Custodial Account. A custodial account is subject to applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "" as custodian for (name of minor) under the Uniform Transfer to Minors Act". There may be only one custodian and one minor as beneficiary for each minor account.

Appears in 1 contract

Samples: Deposit Account Agreement

Custodial Account. A Any custodial account maintained is subject the Uniform Transfers to Minors Act or other similar applicable law as adopted by the state in which the account is opened. The documents that authorize the custodianship may be required for the account. An account opened under the Uniform Transfers/Gifts to Minors Act must be opened in the name of a custodian "as custodian for (name of minor) under the Uniform Transfer to Minors Act"custodian. There may be only one custodian and one minor as or beneficiary for each minor account.

Appears in 1 contract

Samples: Account Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!