Traditional Individual Retirement Custodial Account Sample Clauses

Traditional Individual Retirement Custodial Account. The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.
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Traditional Individual Retirement Custodial Account. Form 5305-A (Revised March 2002) under section 408(a) of the Internal Revenue Code (the “Code”) The Depositor whose name appears on the Adoption Agreement is establishing a Traditional Individual Retirement Account (IRA) under section 408(a) to provide for his or her retirement and for the support of his or her Beneficiaries after death. Pershing LLC (the “Custodian”) has given the Depositor the Disclosure Statement required under Regulations section 1.408-6. The Depositor and the Custodian make the following agreement (the “Agreement”):

Related to Traditional Individual Retirement Custodial Account

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

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