Individual Retirement Accounts. In the case of a corporation which is a bank (as defined in section 581) or a de- pository institution holding company (as defined in section 3(w)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1813(w)(1)), a trust which con- stitutes an individual retirement ac- count under section 408(a), including one designated as a Xxxx XXX under section 408A, but only to the extent of the stock held by such trust in such bank or company as of October 22, 2004. Individual retirement accounts (includ- ing Xxxx IRAs) are not otherwise eligi- ble S corporation shareholders.
Appears in 7 contracts
Samples: Supplemental Contract, Publishing Agreement, Supplemental Contract
