Transfer of Assets to and From This Account. The Custodian is authorized to receive and add to the Custodial Account the assets of another IRA or an IRA annuity (described in Section 408) that are transferred to this Account and which the Participant has determined are eligible for such transfer. The Participant may direct the Custodian in writing to transfer all or any portion of the Participant’s Account to another IRA established by or on behalf of the Participant, so long as the Trustee/Custodian of that IRA has accepted such assets in writing. Any amounts received or transferred by the Custodian under this paragraph shall be accompanied by such records and other documents as the Custodian deems necessary to establish the nature, value and extent of the assets and of the various interests therein. The Custodian reserves the right not to accept any transfer or direct rollover. The Custodian shall have no responsibility for determining whether any transfer described here complies with the requirements for a tax-free transfer or whether the Custodian, other than the Custodian, or Trustee of any IRA involved in such transfer is qualified to serve as such, or of any tax consequences or loss resulting from any attempted or completed transfer. The Custodian’s transfer to, or acceptance of a transfer, under this paragraph shall in no way constitute, or be deemed to be or relied upon as, any such determination, and the Custodian shall have no liability for any tax consequence or loss resulting from any such attempted or completed transfer.
