Mutual Fund Only IRA definition

Mutual Fund Only IRA means an Account, established hereunder for the benefit of the Participant and/or his or her Beneficiary or Beneficiaries, in which the Participant shall limit the investments in his or her Account to shares issued by a domestic Regulated Investment Company.
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Mutual Fund Only IRA means an IRA Account, established hereunder for the benefit of the Depositor and/or his or her Beneficiary or Beneficiaries, in which the Participant shall limit all direction of the investments in his or her Account to shares issued by a domestic Regulated Investment Company. Unless otherwise indicated or distinguished within this Agreement, the terms “Account,” “Custodial Account,” or “IRA,” when used in this Agreement shall include Mutual Fund Only IRAs.
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Mutual Fund Only IRA means an Account in which the Participant limits the investments to shares issued by a domestic Regulated Investment Company.
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Examples of Mutual Fund Only IRA in a sentence

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only IRA in order to confirm the Participant’s compliance with Article VIII, section 4(a), of this Agreement, which limits investments in the Mutual Fund Only IRA to shares issued by a domestic Regulated Investment Company.

  • In the event the Participant elects a Mutual Fund Only IRA and does not limit investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Account from a Mutual Fund Only IRA to the appropriate Account type.

  • However, funds in a Mutual Fund Only IRA can be held in a cash or money market account while awaiting investment.

  • If a Participant selects a Mutual Fund Only IRA, the Participant shall limit investments in the Account to shares issued by a domestic Regulated Investment Company.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only IRA in order to confirm the Participant’s compliance with subsection (a) above.

  • In the event the Participant elects a Mutual Fund Only IRA Custodial Account and does not limit all direction of investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Custodial Account from a Mutual Fund Only IRA to the appropriate Custodial Account type.

  • If a Participant selects a Mutual Fund Only IRA, the Participant shall limit all direction of investments in the Custodial Account to shares issued by a domestic Regulated Investment Company.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only IRA Custodial Account in order to confirm the Participant’s compliance with subsection (a) above.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only IRA Custodial Account in order to confirm the Participant’s compliance with Article VIII, Section 4(a), of this Agreement, which limits all direction of investments in the Mutual Fund Only IRA to shares issued by a domestic Regulated Investment Company.

  • However, funds in a Mutual Fund Only IRA can be held temporarily in a cash or money market account while awaiting investment.