Eligible Custodians Sample Clauses
The 'Eligible Custodians' clause defines the criteria and standards that a custodian must meet to be approved for holding assets or property on behalf of a party. Typically, this clause specifies requirements such as regulatory status, financial strength, or operational capabilities, and may list acceptable types of institutions, like licensed banks or regulated trust companies. Its core practical function is to ensure that assets are safeguarded by reliable and qualified entities, thereby reducing the risk of loss or mismanagement.
Eligible Custodians. The custodian of your Xxxx XXX must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.
Eligible Custodians. The custodian of your IRA must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.
Eligible Custodians. The custodian of your HSA must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.
Eligible Custodians. The Custodian of your Xxxx XXX must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.
Eligible Custodians. The custodian of the Xxxxxxxxx ESA must be a bank, savings and loan association, credit union, or person or entity approved by the Secretary of the Treasury.
Eligible Custodians. The Custodian of your IRA must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.
Eligible Custodians. The Custodian of the Xxxxxxxxx ESA must be a bank, savings and loan association, credit union, or person approved by the Secretary of the Treasury.
Eligible Custodians. The custodian of your inherited XXX must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.
Eligible Custodians. The Custodian of your HSA must be a bank, as defined in Section 408(n) of the Code, insurance company, as defined in Section 816 of the Code, or other person who has the approval of the Secretary of the Treasury to act as Custodian.
Eligible Custodians. The Custodian of your SIMPLE IRA must be a bank, savings and loan association, credit union, or a person or entity approved by the Secretary of the Treasury.