Reinvestment of Earnings. In the absence of instructions pursuant to Section 3, distributions of every nature which are received in respect of the assets in a Depositor’s (or following the death of the Depositor, the Beneficiary’s) Custodial Account shall be liquidated to cash, if necessary, and shall be reinvested in accordance with the Depositor’s (or following the death of the Depositor, the Beneficiary’s) instructions pursuant to Section 3.
Appears in 5 contracts
Samples: Roth Ira Custodial Agreement, Retirement Account Customer Agreement, Roth Ira Custodial Agreement
Reinvestment of Earnings. In the absence of instructions pursuant to Section 3, distributions of every nature nature, which are received in respect of the assets in a Depositor’s (or following the death of the Depositor, the Beneficiary’s) Custodial Account shall be liquidated to cash, if necessary, and shall be reinvested in accordance with the Depositor’s (or following the death of the Depositor, the Beneficiary’s) instructions pursuant to Section 3.
Appears in 1 contract
Samples: Roth Ira Custodial Agreement
