Restrictions On Directing Investments. While the Individual may direct the Trustee or Insurer with respect to investments, the Individual may not borrow from the account or pledge any of the assets of the IRA as security for a loan, or buy property or assets from or sell property or assets to the account.
Appears in 6 contracts
Samples: Defined Contribution Plan (Wellesley Bancorp, Inc.), Defined Contribution Plan (Savannah Bancorp Inc), Defined Contribution Plan (ASB Bancorp Inc)
Restrictions On Directing Investments. While the Individual may direct the Trustee or Insurer with respect to investments, the Individual may not borrow from the account or pledge any of the assets of the IRA as security for a loan, or buy property or assets from or sell property or assets to the account.
Appears in 2 contracts
Samples: Defined Contribution Plan (1st Constitution Bancorp), Defined Contribution Plan (United Community Bancorp)
