Common use of Automatic Rollovers Clause in Contracts

Automatic Rollovers. In accordance with Code section 403(b)(10), the provisions for automatic rollover of certain mandatory distributions as set forth in Code section 401(a)(31)(B) also shall apply to the Custodial Account.

Appears in 2 contracts

Sources: 403(b)(7) Individual Custodial Account Agreement, Custodial Account Agreement