Common use of Successor Organization Clause in Contracts

Successor Organization. If we merge with, purchase, or are acquired by, another organization, such organization, if qualified, may automatically become the successor custodian or trustee of your Xxxx XXX. IRS FORM 5305-RA INSTRUCTIONS (Rev. 4-2017) I. The depositor may be subject to a 6% complete the agreement. They may include, for Unlike contributions to traditional individual tax on excess contributions if (1) contributions to example, definitions, investment powers, voting retirement arrangements, contributions to a Xxxx other individual retirement arrangements of the rights, exculpatory provisions, amendment and IRA are not deductible from the depositor's depositor have been made for the same tax year, termination, removal of the custodian, gross income; and distributions after 5 years that (2) the depositor's adjusted gross income custodian's fees, state law requirements, are made when the depositor is 59 1/2 years of exceeds the applicable limits in Article II for the beginning date of distributions, accepting only age or older or on account of death, disability, tax year, or (3) the depositor's and spouse's cash, treatment of excess contributions, or the purchase of a home by a first-time compensation is less than the amount contributed prohibited transactions with the depositor, etc. homebuyer (limited to $10,000), are not by or on behalf of them for the tax year. Attach additional pages if necessary. Right to Revoke Your Xxxx XXX. With some exceptions, you have the 6. Prohibition Against Life Insurance and Commingling. None of right to revoke this Xxxx individual retirement account (IRA) within seven your Xxxx XXX assets may be invested in life insurance contracts, or days of receiving this Disclosure Statement. If you revoke your Xxxx XXX, commingled with other property, except in a common trust fund or we will return your entire Xxxx XXX contribution without any adjustment common investment fund.