IRA Conversion Contributions Sample Clauses
IRA Conversion Contributions. IRA Conversion Contributions are amounts rolled over, transferred, or considered transferred from a nonRoth IRA to a ▇▇▇▇ ▇▇▇. A nonRoth IRA is an individ- ual retirement account or annuity described in section 408(a) or 408(b), other than a ▇▇▇▇ ▇▇▇.
IRA Conversion Contributions. (i) If directed by the Depositor, the Custodian shall open and maintain a separate account for each IRA Conversion Contribution described in Section 408A(c)(3), 408A(d)(3), or 408A(e) of the Code.
(ii) If the Depositor’s IRA Conversion Contribution includes assets other than cash, the Custodian shall accept such assets only if they are compatible with the Custodian’s administrative or operational requirements and regular business practices.