INVESTMENT POWER OF CUSTODIAN. The Custodian shall invest and reinvest all contributions to the custodial account, plus any earnings in any or all of the following: (a) Investment shares of the Mutual Funds (regulated investment companies) which the Custodian has designated as appropriate for investments in the custodial account. (b) All dividends and capital gain distributions received on the shares of any Mutual Fund held in the Depositor's account shall be reinvested in shares of the same Mutual Fund which paid the distribution, and credited to the custodial account.
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Samples: Custodial Account Agreement (First Omaha Funds Inc), Custodial Account Agreement (First Omaha Funds Inc)
INVESTMENT POWER OF CUSTODIAN. The Custodian shall invest and reinvest all contributions to the custodial account, plus any earnings in any or all of the following:.
(a) Investment shares of the Mutual Funds (regulated investment companies) which the Custodian has designated as appropriate for investments in the custodial account.
(b) All dividends and capital gain distributions received on the shares of any Mutual Fund held in the Depositor's account shall be reinvested in shares of the same Mutual Fund which paid the distribution, and credited to the custodial account.
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Samples: Roth Individual Retirement Account Custodial Account Agreement (First Omaha Funds Inc)
INVESTMENT POWER OF CUSTODIAN. The Custodian shall invest and reinvest all contributions to the custodial account, plus any earnings in any or all of the following:
(a) Investment shares of the Mutual Funds (regulated investment companies) which the Custodian has designated as appropriate for investments in the custodial account.
(b) All dividends and capital gain distributions received on the shares of any Mutual Fund held in the Depositordepositor's account shall be reinvested in shares of the same Mutual Fund which paid the distribution, and credited to the custodial account.
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