Common use of Successor Organization Clause in Contracts

Successor Organization. If we merge with, purchase, or are beneficiary after your death, to elect a distribution reason, provide acquired by, another organization, such organization, if qualified, documentation, and provide a proper tax identification number before may automatically become the successor custodian or trustee of your we process a distribution. These withdrawals may be subject to SIMPLE IRA. taxes, withholding, and penalties. Distributions may be in cash or in 8.19 Folio as Broker-Dealer. In establishing this SIMPLE IRA, you also kind based on our policies. In-kind distributions will be valued are establishing a brokerage relationship with Folio and this according to our policies at the time of the distribution. agreement is a part of and is incorporated into the Folio Customer Required minimum distributions will be based on Treasury Agreement applicable to this SIMPLE IRA. Investment instructions Regulations 1.401(a)(9) and 1.408-8 in addition to our then current with respect to your SIMPLE IRA are to be provided to Folio in the policies and procedures. The required minimum distribution form and manner acceptable to Folio.

Successor Organization. If we merge with, purchase, or are beneficiary after your death, to elect a distribution reason, provide acquired by, another organization, such organization, if qualified, documentation, and provide a proper tax identification number before may automatically become the successor custodian or trustee of your we process a distribution. These withdrawals may be subject to SIMPLE IRAXXX. taxes, withholding, and penalties. Distributions may be in cash or in 8.19 Folio as Broker-Dealer. In establishing this SIMPLE IRAXXX, you also kind based on our policies. In-kind distributions will be valued are establishing a brokerage relationship with Folio and this according to our policies at the time of the distribution. agreement is a part of and is incorporated into the Folio Customer Required minimum distributions will be based on Treasury Agreement applicable to this SIMPLE IRAXXX. Investment instructions Regulations 1.401(a)(9) and 1.408-8 in addition to our then current with respect to your SIMPLE IRA XXX are to be provided to Folio in the policies and procedures. The required minimum distribution form and manner acceptable to Folio.