No Investment Direction. I acknowledge that all investment decisions for CalABLE will be made by the Board. Although I must select the Investment Option(s) in which contributions to the Account are to be invested, I acknowledge that I cannot directly or indirectly select the investments for the Investment Options, and that an Investment Option’s investments may be changed at any time by the Board. I also acknowledge that contributions and earnings (if any) invested in an Investment Option may be transferred to another Investment Option only twice per calendar year, as described in the Program Disclosure Statement.
No Investment Direction. I understand that all investment decisions for the Plan will be made by the Board. Although I must select the Investment Option(s) in which I want contributions to my Account invested, I cannot directly or indirectly select the investments for an Investment Option and an Investment Option’s investments may be changed at any time by the Board. I also understand that once invested in a particular Investment Option, contributions (and earnings, if any) may be moved to another Investment Option only once per calendar year or if I change the Beneficiary for that Account
No Investment Direction. I understand that all investment decisions for the Direct Plan will be made by the Trustee. Although I must select the Investment Option(s) in which I want contributions to my Account invested, I cannot directly or indirectly select the investments for an Investment Option and an Investment Option’s investments may be changed at any time by the Trustee. I also understand that once invested in a particular Investment Option, contributions (and earnings, if any) may be moved to another Investment Option only twice per calendar year or if I change the Beneficiary for that Account.
No Investment Direction. If, in the opinion of the Custodian, the Custodial Account contains assets for which there is no investment direction or unclear investment direction, or in the event that the Custodian is unable to comply with any investment direction, the Custodian shall invest such assets in the Portico Money Market Fund until the Custodian receives proper investment direction.
No Investment Direction. An Account Owner or Designated Beneficiary may not directly or indirectly direct the investment of their payments or of any earnings thereon. Securities Considerations The Plan has not been registered with the United States Securities and Exchange Commission or with any state securities commission. The Board of Trustees believes that: (a) the Accounts may be offered under the Plan without meeting the requirements of the Securities Act of 1933 or the qualification provisions of the Trust Indenture Act of 1939, as amended; (b) any Board of Trustees member, officer or employee of the Board of Trustees or State Treasurer’s Office who engages in the offer or sale of the Accounts in the course of his or her official duties as a Board of Trustees member, officer or employee thereof will not be deemed to be a “broker” (including a “municipal securities broker”) as defined in the Securities Exchange Act of 1934, as amended (the “Exchange Act”), solely by reason of such activity; and (c) the Board of Trustees and the State Treasurer’s Office will not be deemed to be a “dealer” (including a “municipal securities dealer”) as defined in the Exchange Act, solely by reason of offering, selling and issuing the Accounts. Amended and Restated Participation Agreement SMART529 West Virginia Prepaid Tuition Plan Effective December 13, 2019
