Common use of Purpose of Form Clause in Contracts

Purpose of Form. Form 5305-A is a model Custodial Account Agreement that meets the requirements of Section 408(a) of the Code and has been automatically approved by the IRS. An Individual Retirement Account is established after the Adoption Agreement is fully executed by the Participant and entered in the records of the Custodian and must be completed no later than the due date of the individual’s income tax return for the tax year (without regard to extensions). This Account must be created in the United States for the exclusive benefit of the Participant or his or her Beneficiary or Beneficiaries.

Purpose of Form. Form 5305-A is a model Custodial Account Agreement that meets the requirements of Section section 408(a) of the Code and has been automatically approved by the IRS. An Individual Retirement Account is established after the Adoption Agreement Application is fully executed by the Participant and entered in the records of the Custodian and must be completed no later than the due date of the individualParticipant’s income tax return for the tax year (without regard to extensions). This Account must be created in the United States for the exclusive benefit of the Participant or his or her Beneficiary or Beneficiaries.

Purpose of Form. Form 5305-A is a model Custodial Account Agreement that meets the requirements of Section section 408(a) of the Code and has been automatically approved by the IRS. An Individual Retirement Account is established after the Adoption Agreement Application is fully executed by the Participant Investor and entered in the records of the Custodian and must be completed no later than the due date of the individualInvestor’s income tax return for the tax year (without regard to extensions). This Account must be created in the United States for the exclusive benefit of the Participant Investor or his or her Beneficiary or Beneficiaries.