What if a Prohibited Transaction Occurs. If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the ▇▇▇▇▇▇▇▇▇ Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.
Appears in 220 contracts
Sources: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
What if a Prohibited Transaction Occurs. If a “prohibited transaction”, as defined in Section 4975 of the Internal Revenue Code, occurs, the ▇▇▇▇▇▇▇▇▇ Education Savings Account could be disqualified. Rules similar to those that apply to Traditional IRAs will apply.
12. What if the ▇▇▇▇▇▇▇▇▇ Education Savings Account is Pledged?
Appears in 1 contract
Sources: Custodial Account Agreement