Successor Account Owner definition

Successor Account Owner means the individual, at least 18 years of age, corporation or other entity authorized to become the Account Owner and assume the responsibilities and duties of the Account Owner.
Sample 1Sample 2
Successor Account Owner means the person named in the Contract by the Account Owner to exercise the rights of the Account Owner under the Contract if the Account Owner dies or becomes Legally Incompetent. The Successor Account Owner may be the Beneficiary. The Account Owner may change the designation at any time in writing to the Board. If the Account Owner dies or becomes Legally Incompetent, the Successor Account Owner shall automatically become the Account Owner for purposes of these Rules and the Contract, including, but not limited to constituting the Refund Recipient. In the event the Account Owner dies or becomes Legally Incompetent and no surviving Successor Account Owner exists, the surviving Successor Account Owner is Legally Incompetent or declines to serve, or the Account Owner did not designate a Successor Account Owner, the Beneficiary shall automatically become the Account Owner for purposes of these Rules and the Contract, including, but not limited to constituting the Refund Recipient. If the Beneficiary is a minor, the following shall apply:
Sample 1Sample 2
Successor Account Owner means a “person” as described in Section 529(b)(1) of the Internal Revenue Code who acts on behalf of the Account Owner and succeeds him or her as Account Owner.
Sample 1

Examples of Successor Account Owner in a sentence

  • As the Account Owner, you may designate a Successor Account Owner to take control of the Account in the event of your death or legal incapacity.)• A Successor Account Owner cannot be named for UGMA/UTMA Accounts.• If a Successor Account Owner is not designated on an Individual Account, the Beneficiary becomes the Account Owner upon the death or legal incapacity of the Account Owner.

  • The Successor Account Owner has no rights in regard to the Account and cannot direct any changes, transfers, or cancellations, except in the event of the death or disability of the Account Owner.• You may revoke or change the Successor Account Owner at any time.

  • Optional, but recommended).• If you choose to complete Section 5, you are required to provide full legal name and date of birth.• The Successor Account Owner will take control of the Account in the event of the Account Owner’s death or disability.

  • Optional)• The Successor Account Owner will take control of the Account in the event of the Account Owner’s death or legal incompetence.• You may revoke or change the Successor Account Owner at any time.

  • The Successor Account Owner will become the Account Owner upon death of the original Account Owner.• You may revoke or change the Successor Account Owner at any time.

  • After Clicking on Application for FCRA Prior Permission from previous screen, the following screen will be displayed.

  • The locus of the study is the Gamagara Local Municipality, the host of the Khumani mine’s operational activities.

  • He or she will not be permitted to change the Account Owner, Beneficiary, Successor Account Owner, Interested Party, firm, or Financial Advisor.

  • I want to have the same Successor Account Owner for the new Beneficiary.

  • That looked like this: (Note: Share prices in the “Now” columns are different than actual prices you’d see today because the charts are adjusted for any effective share splits, exchanges and reinvestment of dividends): Share Price Prior toSpin Announcement 2004 Adjusted Share Price Now IAC $24.97 IAC + Subsequent Spins $81.60Expedia $47.90 12% CAGRTotal $129.49 At the time of that original spin, Expedia dominated the IAC story and everything else was an afterthought.


More Definitions of Successor Account Owner

Successor Account Owner. The person named in the Enrollment Form or otherwise in writing to Scholar’s Edge by the Account Owner, who may exercise the rights of the Account Owner under Scholar’s Edge if the Account Owner dies or is declared legally incompetent. The Successor Account Owner may be the Beneficiary if the Beneficiary is 18 years or older. Supplement: An addendum to the Plan Description and Participation Agreement, issued from time to time.
Sample 1
Successor Account Owner. The person named in writing to Colorado ABLE by the Account Owner or Authorized Individual, during the Account Owner’s lifetime, who will succeed to all allowable right, title, and interest in a funded Account following the death of the Account Owner. The Successor Account Owner must qualify as an Eligible Individual at the time the Account is transferred and must also be a Sibling of the original Account Owner.
Sample 1
Successor Account Owner. The person named in the Enrollment Application, or otherwise identified in writing, to the Advisor-Guided Plan, by the Account Owner to take control of the Account if the Account Owner dies. The Successor Account Owner may be your Beneficiary if your Beneficiary has reached the age of majority.
Sample 1

Related to Successor Account Owner

  • Service Transfer Date means the date of a Service Transfer;

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Transfer Date means, in relation to a transfer, the later of:

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Concentration Account has the meaning provided in Section 6.13(c).