IRA Owner definition

IRA Owner. Means the individual whose name appears on the Adoption Agreement, who is establishing the IRA.
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IRA Owner. ’ means with respect
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IRA Owner means with respect to an IRA either the person who is the owner of the IRA or the person for whose benefit the IRA was established.
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Examples of IRA Owner in a sentence

  • The IRA Owner has exclusive responsibility for and control over the investment of the assets of his or her IRA.

  • If the Custodian fails to receive directions from the IRA Owner regarding any transaction, or if the Custodian receives ambiguous directions regarding any transaction, or the Custodian, in good faith, believes that any transaction requested is in dispute, the Custodian reserves the right to take no action until further clarification acceptable to the Custodian is received from the IRA Owner or the appropriate government or judicial authority.

  • If the Traditional IRA Owner dies before his or her entire interest is distributed to him or her, the entire remaining interest will be distributed as follows.

  • The account is established for the exclusive benefit of the IRA Owner or his or her Beneficiary(ies).

  • The Custodian reserves the right to charge any additional fee upon 30 days notice to the IRA Owner that the fee will be effective.

  • The IRA Owner and the Custodian agree that either the IRA Owner or the Custodian may, without the other's consent, require that any Claims between the IRA Owner and the Custodian be submitted to mandatory, binding arbitration except for certain matters excluded below.

  • If the IRA Owner fails, after notice, to direct the Custodian as to which assets to liquidate, the Custodian will decide in its complete and sole discretion, and the IRA Owner agrees not to hold the Custodian liable for any adverse consequences that result from its decision.

  • In addition to the amounts described in Sections 3.01(A) and (B) of this Agreement, a Traditional IRA Owner who was a participant in a Code Section 401(k) plan of a certain employer in bankruptcy described in Code Section 219(b)(5)(C) may contribute up to $3,000 for taxable years beginning after 2006 and before 2010 only.

  • The Custodian can resign at any time effective 30 days after mailing written notice of its resignation to the IRA Owner.

  • Further, the IRA Owner agrees that any directions the IRA Owner gives, or action the IRA Owner takes will be proper under this Agreement, and that the Custodian is entitled to rely upon any such information or directions.


More Definitions of IRA Owner

IRA Owner means the individual for whose benefit the account is maintained as a result of acquiring such assets by reason of the death of another individual. Regulations. Regulations mean the U.S. Treasury Regulations. SPECIFIC INSTRUCTIONS
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IRA Owner means “the individual for whom an IRA is originally established by contributions for the benefit of that individual and that individual’s beneficiaries.” Prop. Reg.
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Related to IRA Owner

  • Co-Owner means a Person who owns an Ownership Interest and a Co-Owner of a Series means a Person who owns an Ownership Interest of the Series.

  • Lot Owner means a declarant or other person who owns a lot, or a lessee of a lot in a leasehold planned community whose lease expires simultaneously with any lease the expiration or termination of which will remove the lot from the planned community, but does not include a person having an interest in a lot solely as security for an obligation.

  • Employer/Owner means the DAKSHIN HARYANA BIJLI VITRAN NIGAM and the legal successors in title to the Employer/Owner but not (Except with the consent of the Contractor) any assignees of the Employer/Owner.

  • Permit Holder means the Person to whom a Building Permit has been issued.

  • Unit owner means a declarant or other person that owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease the expiration or termination of which will remove the unit from the common interest community, but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration. In a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated until that unit has been conveyed to another person.