IRA Owner definition

IRA Owner. Means the individual whose name appears on the Adoption Agreement, who is establishing the IRA.
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IRA Owner. ’ means with respect
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IRA Owner means with respect to an IRA either the person who is the owner of the IRA or the person for whose benefit the IRA was established.
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Examples of IRA Owner in a sentence

  • The IRA Owner agrees to provide the Custodian with information necessary for the Custodian to prepare any reports required under Code Sections 408(i), 408A(d)(3)(D), and Regulations Sections 1.408-5 and 1.408-6.

  • In the absence of instructions from the IRA Owner or if the instructions are not in an acceptable form, the Custodian shall have the right to hold any uninvested amounts in cash, and shall have no responsibility to invest uninvested cash unless and until directed by the IRA Owner.

  • If the IRA Owner dies before he or she receives all of the amounts in the IRA, payments from the IRA will be made to the Beneficiary(ies) of the IRA.

  • The consent of a Beneficiary(ies) shall not be required for the IRA Owner to revoke a Beneficiary designation.

  • If the IRA Owner does not complete a transfer of the IRA within 30 days from the date the Custodian mails the notice to the IRA Owner, the Custodian has the right to transfer the assets of this IRA to a successor IRA custodian or trustee that the Custodian chooses in its sole discretion, or the Custodian may pay the assets of this IRA to the IRA Owner in a single sum.

  • Upon receipt of that notice, the IRA Owner must make arrangements to transfer the IRA to another financial organization.

  • If the Traditional IRA Owner dies on or after the required beginning date, the remaining portion of his or her interest will be distributed at least as rapidly as follows.

  • The Custodian may charge the IRA Owner separately for any fees or expenses, or may deduct the amount of the fees or expenses from the assets in the IRA at its discretion.

  • Unless otherwise specified, each Beneficiary designation the IRA Owner files with the Custodian will cancel all previous ones.

  • The IRA Owner may designate one or more person(s) or entity(ies) as Beneficiary of the IRA.


More Definitions of IRA Owner

IRA Owner means theindividualfor whose benefitthe account is maintained as a result of acquiring suchassets by reason of the death of anotherindividual(other than a spouse). Regulations. Regulations mean the U.S. Treasury Regulations.
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IRA Owner. Means the individual who participates in this IRA, thereby owning the Contract.
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IRA Owner means “the individual for whom an IRA is originally established by contributions for the benefit of that individual and that individual’s beneficiaries.” Prop. Reg.
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Related to IRA Owner

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • Employer/Owner means the DAKSHIN HARYANA BIJLI VITRAN NIGAM and the legal successors in title to the Employer/Owner but not (Except with the consent of the Contractor) any assignees of the Employer/Owner.

  • Permit Holder means the Person to whom a Building Permit has been issued.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • land owner s association" means an organisation established by owners of a group of properties to collectively regulate their conduct and share the costs of maintaining and improving shared infrastructure and services, including a home owner’s association;

  • Vehicle owner means the registered owner or

  • Participating Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states properly authorized to enter into a Participating Addendum, that has executed a Participating Addendum.

  • New Owner means, collectively, the HDFC and the Company.

  • Over 10% Owner means an individual who at the time an Incentive Stock Option is granted owns Stock possessing more than 10% of the total combined voting power of the Company or one of its Subsidiaries, determined by applying the attribution rules of Code Section 424(d).

  • Project Owner means the legal entity that ultimately owns the Project and to which Tax Credits will be allocated.

  • Generator Owner means the Person that owns the Generating Facility and has registered with the NERC as the Person responsible for complying with all NERC Reliability Standards applicable to the owner of the Generating Facility.

  • Service contract holder or "contract holder" means a person who is the purchaser or holder of a service contract.

  • Contract Owner means the holder of interests in a variable annuity or variable life insurance contract issued by the Company.

  • Landholder means a party that directly or indirectly owns or leases 22 nonexempt land, as provided in 43 CFR 426.2;

  • brand owner means a person or company who sells any commodity under a registered brand label ;

  • Deposit Holder means _________ (state name and location of Deposit Holder) or, if left blank, the Sellers' Bank, which shall hold and release the Deposit in accordance with this Agreement.

  • Ticket Holder means any individual possessing, holding or using a Ticket, including (without limitation) the Ticket Purchaser or any person to whom the Ticket was issued or transferred;

  • Contract Holder means the person to whom the Benefit Plan is issued. Any other person approved for coverage with the Contract Holder under this plan is a dependent. Under Group coverage, the Contract Holder is the Member who is eligible for coverage because of his or her affiliation with a Group.

  • Generation Owner means a Member that owns, leases with rights equivalent to ownership, or otherwise controls and operates one or more operating generation resources located in the PJM Region. The foregoing notwithstanding, for a planned generation resource to qualify a Member as a Generation Owner, such resource shall have cleared an RPM auction, and for Energy Resources, the resource shall have a FERC-jurisdictional interconnection agreement or wholesale market participation agreement within PJM. Purchasing all or a portion of the output of a generation resource shall not be sufficient to qualify a Member as a Generation Owner. For purposes of Members Committee sector classification, a Member that is primarily a retail end- user of electricity that owns generation may qualify as a Generation Owner if: (1) the generation resource is the subject of a FERC-jurisdictional interconnection agreement or wholesale market participation agreement within PJM; (2) the average physical unforced capacity owned by the Member and its affiliates over the five Planning Periods immediately preceding the relevant Planning Period exceeds the average PJM capacity obligation of the Member and its affiliates over the same time period; and (3) the average energy produced by the Member and its affiliates within PJM over the five Planning Periods immediately preceding the relevant Planning Period exceeds the average energy consumed by the Member and its affiliates within PJM over the same time period.

  • Owner means the person in whose name American Depositary Shares are registered on the books of the Depositary maintained for that purpose.

  • Private partner means any entity that is a partner in a public-private partnership other than:

  • Transferor Company means a company that conveys an interest in shares.

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Economic Interest Owner means the owner of an Economic Interest who is not a Member.

  • Interest Holder means any Person who holds an Interest, whether as a Member or as an unadmitted assignee of a Member.