Common use of Authorized Custodian Clause in Contracts

Authorized Custodian. The custodian or trustee must be a bank or other entity authorized by the IRS to act as trustee or custodian of an Individual Retirement Account ("IRA"). BNY Mellon is an authorized entity and can serve as Custodian of your Xxxxxxxxx ESA Account.

Authorized Custodian. The custodian or trustee must be a bank or other entity authorized by the IRS to act as trustee or custodian of an Individual Retirement Account ("IRAXXX"). BNY Mellon is an authorized entity and can serve as Custodian of your Xxxxxxxxx ESA Account.