Common use of No Pledging Clause in Contracts

No Pledging. If you use a part of your IRA as security for a loan, party, or have a third party appointed on your behalf to handle certain that part is treated as a distribution and is included in your gross transactions affecting your IRA, such third party will be considered your income. You may have to pay the 10% additional tax on early agent and, therefore, "you" for purposes of this agreement. Additionally, distributions.

Appears in 4 contracts

Samples: Customer Agreement, Customer Agreement, Customer Agreement

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