Restrictions on the Fund Sample Clauses
The "Restrictions on the Fund" clause sets out specific limitations and prohibitions on the activities, investments, or operations of a fund. Typically, this clause details what types of assets the fund may or may not invest in, caps on leverage, or restrictions on engaging in certain transactions or industries. For example, it may prevent the fund from investing in highly speculative ventures or from exceeding a set percentage of illiquid assets. The core function of this clause is to protect investors and ensure the fund operates within agreed risk parameters, thereby promoting prudent management and reducing the likelihood of undesirable or unauthorized activities.
Restrictions on the Fund. Neither you nor any beneficiary may sell, transfer, or pledge any interest in your ▇▇▇▇ ▇▇▇ in any manner whatsoever, except as provided by law or this agreement. The assets in your ▇▇▇▇ ▇▇▇ will not be responsible for the debts, contracts, or torts of any person entitled to distributions under this agreement.
Restrictions on the Fund. Neither you nor any beneficiary may sell, transfer, or pledge any interest in your IRA in any manner whatsoever, except as provided by law or this agreement. The assets in your IRA will not be responsible for the debts, contracts, or torts of any person entitled to distributions under this agreement.
Restrictions on the Fund. The IRA Owner’s interest in the balance in this IRA is nonforfeitable at all times. Neither the IRA Owner nor any Beneficiary(ies) may sell, transfer, or pledge any interest in this IRA in any manner whatsoever, except as provided by law or this Agreement. No part of this IRA may be invested in life insurance contracts, nor may the assets of this IRA be commingled with other property except in a common trust fund or common investment fund (within the meaning of Code Section 408(a)(5)). No part of this IRA may be invested in collectibles (within the meaning of Code Section 408(m)) except as otherwise permitted by Code Section 408(m)(3), which provides an exception for certain gold, silver, and platinum coins issued under the laws of any state, and certain bullion. The assets in this IRA shall not be responsible for the debts, contracts, or torts of any person entitled to distributions under this Agreement.
Restrictions on the Fund. Neither the responsible individual, the designated beneficiary (nor anyone acting on behalf of the designated beneficiary), the depositor nor any contributor may sell, transfer or pledge any interest in the ▇▇▇▇▇▇▇▇▇ ESA in any manner whatsoever, except as provided by law or this agreement. The assets in the ▇▇▇▇▇▇▇▇▇ ESA will not be responsible for the debts, contracts, or torts of the responsible individual, the designated beneficiary, the depositor, or any person entitled to distributions under this agreement.
Restrictions on the Fund. Neither you nor any beneficiary may sell, transfer, or pledge any interest in your HSA in any manner whatsoever, except as provided by law or this agreement. The assets in your HSA will not be responsible for the debts, contracts, or torts of any person entitled to distributions under this agreement.
Restrictions on the Fund. Neither you nor any successor beneficiary may sell, transfer, or pledge any interest in your inherited IRA in any manner whatsoever, except as provided by law or this agreement. The assets in your inherited IRA will not be responsible for the debts, contracts, or torts of any person entitled to distributions under this agreement.
Restrictions on the Fund. Neither you nor any successor beneficiary may sell, transfer, or pledge any interest in your inherited ▇▇▇▇ ▇▇▇ in any manner whatsoever, except as provided by law or this agreement. The assets in your inherited ▇▇▇▇ ▇▇▇ will not be responsible for the debts, contracts, or torts of any person entitled to distributions under this agreement.
Restrictions on the Fund. The assets in the Participant’s Account shall not be responsible for the debts, contracts or torts of any person entitled to distributions under this Agreement.
Restrictions on the Fund. The ▇▇▇ Owner’s interest in the balance in this ▇▇▇ is nonforfeitable at all times. Neither the ▇▇▇ Owner nor any Beneficiary(ies) may sell, transfer, or pledge any interest in this ▇▇▇ in any manner whatsoever, except as provided by law or this Agreement. No part of this ▇▇▇ may be invested in life insurance contracts, nor may the assets of this ▇▇▇ be commingled with other property except in a common trust fund or common investment fund (within the meaning of Code Section 408(a)(5)). No part of this ▇▇▇ may be invested in collectibles (within the meaning of Code Section 408(m)) except as otherwise permitted by Code Section 408(m)(3), which provides an exception for certain gold, silver, and platinum coins issued under the laws of any state, and certain bullion. The assets in this ▇▇▇ shall not be responsible for the debts, contracts, or torts of any person entitled to distributions under this Agreement.
Restrictions on the Fund. Neither you nor any successor beneficiary may sell, transfer, or pledge any interest in your inherited ▇▇▇▇ ▇▇▇ in any manner whatsoever, except as provided by law or this agreement. The assets in your inherited ▇▇▇▇ ▇▇▇ will not be responsible for the Form 5305-RA is a model custodial account agreement that meets the requirements of section 408A and has been pre-approved by the IRS. A ▇▇▇▇ individual retirement account (▇▇▇▇ ▇▇▇) is established after the form is fully executed by both the individual (depositor) and the custodian. This account must be created in the United States for the exclusive benefit of the depositor and his or her beneficiaries. Unlike contributions to Traditional individual retirement arrangements, contributions to a ▇▇▇▇ ▇▇▇ are not deductible from the depositor’s gross income; and distributions after 5 years that are made when the depositor is 59½ years of age or older or on account of death, disability, or the purchase of a home by a first-time homebuyer (limited to $10,000), are not includible in gross income. For more information on ▇▇▇▇ IRAs, including the required disclosures the custodian must give the depositor, see Pub. 590, Individual Retirement Arrangements (IRAs).