12 CFR Part 724 – Trustees and Custodians of Certain Tax-Advantaged Savings Plans
Current as of: 2024 | Check for updates
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§ 724.1 | Federal credit unions acting as trustees and custodians of certain tax-advantaged savings plans |
§ 724.2 | Self-directed plans |
§ 724.3 | Appointment of successor trustee or custodian |
Terms Used In 12 CFR Part 724 - Trustees and Custodians of Certain Tax-Advantaged Savings Plans
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Trustee: A person or institution holding and administering property in trust.