Savings trust account definition

Savings trust account means an account established by a contributor pursuant to this chapter on
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Savings trust account means an ABLE savings trust account or a college savings trust account.
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Savings trust account means an account established by a contributor pursuant to this chapter on behalf of a qualified beneficiary in order to apply distributions from the account toward qualified higher education expenses at eligible educational institutions, both as defined in § 529 of the Internal Revenue Code of 1986, as amended, or other applicable federal law.
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More Definitions of Savings trust account

Savings trust account means an account established by an account contributor
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Savings trust account means an ABLE savings trust account or a college savings trust account. "Savings trust agreement" means the agreement entered into by the board and a contributor that
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Savings trust account means an account
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Savings trust account means an account established through the plan by an individual under this subchapter on behalf of a beneficiary in order to apply distributions from the account toward qualified higher education expenses at eligible educational institutions.
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Related to Savings trust account

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.