Common use of Minimum Required Distributions Clause in Contracts

Minimum Required Distributions. If a Depositor has attained age 70 1/2 and has not notified the Custodian in writing as to how to calculate the minimum required distribution or that a minimum required distribution has been received from another IRA (▇▇ference Article IV, Section 6), a minimum required distribution will be made in accordance with Article IV, Section 5.