Common use of Investment Powers of Custodian Clause in Contracts

Investment Powers of Custodian. All contributions to the custodial account shall be invested and reinvested by the Custodian as directed by the Depositor without distinction between principal and income, in shares of one or more fund(s) being each a regulated investment company as defined in Code Section 851(a).

Investment Powers of Custodian. All contributions to the custodial account shall be invested and reinvested by the Custodian as directed by the Depositor without distinction between principal and income, in shares of one or more fund(sFund(s) being each a regulated investment company as defined in Code Section 851(a).