Mutual Fund-Only Account definition
Mutual Fund-Only Account means a Securities account or account held directly with a mutual fund that holds only non-Reportable Funds and in which no other type of Securities may be held. For purposes of this Code, a Mutual Fund-Only Account includes a 529 plan or variable annuity life insurance account that holds only non-Reportable Funds and in which no other type of Securities may be held.
Mutual Fund-Only Account means an account that allows the account holder to invest only in mutual funds. Such accounts do not have the capability of holding Reportable Securities.
Mutual Fund-Only Account means a Related Account which, pursuant to the terms of the underlying account agreement, can only purchase mutual funds.
More Definitions of Mutual Fund-Only Account
Mutual Fund-Only Account means a Securities account or account held directly with a mutual fund that holds only non-Reportable Funds and in which no other type of