Custodian Accounts. With respect to certain retirement plans or accounts for which CDI maintains custodial account agreements, such as individual retirement accounts ("IRAs"), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, 403(b) Plans and Xxxxxxxxx Education Savings Accounts (such accounts, "Custodian Accounts"), the Transfer Agent shall perform the following services. Each Fund other than CVS hereby authorizes the Transfer Agent to take instructions from and communicate with CSSI, as agent for such Fund, as to each of the services set forth in this Section 1.3.
Custodian Accounts. With respect to retirement plans or accounts for which the Funds offer a custodial account, such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs and Xxxxxxxxx Education Savings Accounts (“Individual Retirement Accounts”) to the Funds’ Shareholders, the Transfer Agent shall provide certain additional services. The Transfer Agent shall perform such services as service agent to the Fund and the named custodian on the Individual Retirement Accounts, which is currently UMB, n.a. (“UMB”).”
Custodian Accounts. With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, 403(b) Plans and Xxxxxxxxx Education Savings Accounts (such accounts, “Custodian Accounts”)), the Transfer Agent, at the request of each Fund, shall arrange for the provision of appropriate prototype plans as well as provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial services to be provided by State Street Bank and Trust Company (“State Street”), account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.
Custodian Accounts. This account type is for a custodian who is the parent or guardian of a minor to control gifts on behalf of the minor. A custodian account owner may elect to add a Trusted Contact to his or her EarlyBird account. The Trusted Contact has view-only rights to a custodial account, as assigned by the custodian account owner.
Custodian Accounts. Section 1.3 of the Agreement is amended by adding the words “the Funds’ distributor” in place of “CDI” in the first paragraph, and by replacing the phrase “CDI-sponsored retirement plans and accounts for which Acacia Federal Savings Bank serves as custodian” in subparagraph 1.3(b) with “retirement plans and accounts sponsored by the Funds’ distributor and for which Acacia Federal Savings Bank serves as custodian”. In addition, the phrase “CDI-sponsored retirement plans for which Acacia Federal Savings Bank serves as custodian” in the ninth “Whereas” clause is replaced with “retirement plans sponsored by the Funds’ distributor and for which Acacia Federal Savings Bank serves as custodian”.
Custodian Accounts. If you wish to make a gift of money to a minor, you can do so and name yourself and/or another adult as custodian to handle the money while the beneficiary is a minor. The Bank requires that either a joint custodian or a successor custodian be designated on these types of accounts. Interest earned will be reported under the TIN of the minor; however, it may be taxed at the rate of his or her parents. We will follow the Maryland Uniform Transfers to Minors Act for this type of arrangement. A gift of money made in this manner is irrevocable and conveys to the minor legal title to the custodial property. The custodian(s) has certain powers and duties in relationship to such accounts as prescribed by state law, including the power to collect, hold, manage, invest, and re-invest the custodial property. However, the property held shall be for the exclusive right and benefit of the minor and will be free from the control or lien of all other persons, except creditors of the minor. The custodian(s) acknowledges the responsibility to transfer the property together with interest credited to the account to the minor when he or she reaches the age specified by statute. We have no obligation to inquire into the purpose of any withdrawal. The code "CUT" is used to identify the adult(s) who holds funds as custodian for the child. Only the custodian(s) is authorized to conduct activity on the account. The code "MUT" is used to identify the child for whom money is held in trust under the Maryland Uniform Transfers to Minors Act. The child is not permitted to make withdrawals from the account, but at the age specified by statute, can demand that the custodian make money in the account available to the child. The code "SUC" is used to identify the adult who will succeed the custodian in the event of his resignation, death, legal incompetence, or as otherwise specified by statute, and, upon such event, this adult will assume the responsibility of the custodian. POD/Simple Trust Accounts (a/k/a Payable on Death Accounts): The code "SLB," "JBO," or "JBA" is used to identify the owner(s) of an account where one or more persons are identified by the code "BNI" to receive money in the account after all owners have died, but only if the "BNI" is alive. (The code "COV/BNI" is used to identify a person who is both a "BNI" and a "COV" on the account.) Upon the death of the last surviving owner, funds in the account will be paid to the then living "BNI" in equal shares, and if no "BNI"...
Custodian Accounts. Margin loans are not available to Custodian Accounts, so the provisions of Sections B & C of Part VII. will not apply to such accounts. If this is a Custodian Account, this account will not have the ability to cover Debit MasterCard® ATM or Point of Sale transactions and Checks in excess of the Free Credit Balance plus the value of Fund shares in this account.
Custodian Accounts. Section 1.3 of the Agreement is hereby deleted in its entirety and replaced by the following new Section 1.3:
Custodian Accounts. With respect to retirement plans or accounts for which the Funds’ principal underwriter offers a custodial account, such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs and Xxxxxxxxx Education Savings Accounts (“Individual Retirement Accounts”) to the Funds’ Shareholders, the Transfer Agent shall provide certain additional services as set forth below. The Transfer Agent shall perform such services as service agent to the named custodian on the Individual Retirement Account, which is UMB, n.a. (“UMB”) pursuant to an agreement between UMB and the Transfer Agent. The services to be provided to the Individual Retirement Accounts shall include: (i) account set up; (ii) account maintenance; (iii) contribution and distribution processing as instructed by a Shareholder; (iv) tax reporting (including the filing of Forms 1099 and 5498); and (v) such other custodial services as set forth in the applicable Custodian Account agreement (“Custodian Agreement”). The Funds’ principal underwriter will offer Shareholders a Custodian Agreement drafted by a third party vendor (currently, Convergent Retirement Plan Solutions, LLC) and the Funds agree that UMB and the Transfer Agent shall not be responsible or liable for updating, amending or maintaining the terms of the Custodian Agreement in compliance with applicable laws or regulations or delivering the Custodian Agreement to Shareholders. Notwithstanding the foregoing, the Funds agrees to notify the Transfer Agent of any proposed amendment to the Custodian Agreement (including the content thereof) provided to Shareholders at least 60 days in advance of the effective date of such amendment. For the avoidance of doubt, the services set forth in this section only apply to retirement plans or accounts sponsored by the Funds’ principal underwriter for which the named custodian is UMB and the custodial agent services are performed for UMB by the Transfer Agent.”
Custodian Accounts. If you wish to make a gift of money to a minor, you can do so and name yourself and/or another adult as custodian to handle the money while the beneficiary is a minor. The Bank requires that either a joint custodian or a successor custodian be designated on these types of accounts. Interest earned will be reported under the TIN of the minor; however, it may be taxed at the rate of his or her parents. Wewill follow the Maryland Uniform Transfers to Minors Act for this type of arrangement. A gift of money made in this manner is irrevocable and conveys to the minor legal title to the custodial property. The custodian(s) has certain powers and duties in relationship to such accounts as prescribed by state law, including the power to collect, hold, manage, invest, and re-invest the custodial property. However, the property held shall be for the exclusive right and benefit of the minor and will be free from the control or lien of all other persons, except creditors of the minor. The custodian(s) acknowledges the responsibility to transfer the property together with interest credited to the account to the minor when he or she reaches the age specified by statute. We have no obligation to inquire into the purpose of any withdrawal.
