Common use of Intent to Qualify Clause in Contracts

Intent to Qualify. It is the intent of the IRA Owner that this Agreement shall qualify for approval under Code Section 408A if Xxxx XXX is selected on the Adoption Agreement or under Code Section 408(a) if Traditional IRA is selected on the Adoption Agreement. In no event will the custodial account established under this Agreement operate as both a Traditional IRA and a Xxxx XXX.

Appears in 62 contracts

Samples: Ira Prototype Plan Agreement, Prototype              Plan               Agreement, secure.alpsinc.com

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