What if a Prohibited Transaction Occurs. If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the Xxxxxxxxx Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.
Appears in 204 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
What if a Prohibited Transaction Occurs. If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the Xxxxxxxxx Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.
12. What if the Xxxxxxxxx Education Savings Account is Pledged?
Appears in 1 contract
Samples: Custodial Account Agreement
