Sentences with phrase «exempt assets under»

Not exact matches

You may still be exempt from taxes if you fall under the Internal Revenue Service's insolvency exclusion - meaning your debts surpass the value of your assets.

RIAs are eligible to participate in the Program if they represent to Fidelity Investments that they meet the following criteria: (1) RIA is an investment adviser registered and in good standing with the U.S. Securities and Exchange Commission and / or any applicable state securities regulatory authorities or is exempt from such registration; (2) RIA's representatives who provide services to referred clients are appropriately registered / licensed as «Investment Advisers Representatives» in required jurisdictions; (3) RIA charges fee - based, asset - based, or flat - rate investment advisory service fees (which may include hourly fees); (4) RIA will maintain a minimum of $ 350,000,000 in total regulatory assets under management, as reported in response to Item 5 in Part 1A of the RIA's Form ADV, throughout the duration of RIA's participation in the Program; (5) RIA and all associated persons of the RIA who manage client assets or who supervise such associated persons shall at all times be covered through both Errors and Omissions Liability Insurance and Fidelity Bond Coverage; and (6) RIA maintains a minimum of two principals or officers as well as a minimum of five employees.

Upon dissolution of the Corporation, any assets remaining after payment of or provision for its debts and liabilities shall, consistent with the purposes of the organization, be paid over to charitable organizations exempt under the provisions of Section 501 (c)(3) of the U.S. Internal Revenue Code or corresponding provisions of subsequently enacted federal law and whose purposes and objectives promote breastfeeding education and support.

In the event of dissolution or termination of the Association, the Board shall, after the payment of all of the liabilities of the Association, dispose of all of the assets of the Association exclusively for the objectives of the Association, in such manner, or to such organization or organizations organized exclusively for charitable, educational, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501 (c) 3 of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law) as the Board shall determine.

In the event of dissolution of the Division, any assets of the Division, remaining thereafter shall be conveyed to the American Association for the Advancement of Science or, failing its existence, to such organization then existent dedicated to objectives similar to those of the Division and the American Association for the Advancement of Science, so long as whichever organization is selected by the governing body of the Division at the time of dissolution shall be exempt under Section 501 (c)(3) of the Internal Revenue Code of 1954, as amended, or under such successor provision of the Code as may be in effect at the time of the Divisions dissolution.

Upon dissolution or winding up of said corporation's affairs, whether voluntary or involuntary, all of its assets then remaining in the hands of the board of directors shall, after paying or making provision for payment of all of said corporation's liabilities, be distributed, transferred, conveyed, delivered, and paid over only to educational, scientific, literary, or charitable organizations that are exempt from federal income tax under section 501 (c)(3) of the Internal Revenue Code of 1986, as amended, and which are not private foundations within the meaning of section 509 (a) of the Internal Revenue Code of 1986, as amended, on whatever terms and conditions and in whatever amounts the board of directors may determine, for use exclusively for educational, scientific, literary, or charitable purposes, except that no distribution shall be made to organizations testing for public safety.

In the event of dissolution of the Division, any assets of the Division remaining thereafter shall be transferred by the Finance Officer to the American Association for the Advancement of Science, or failing its existence, to such organization as may be dedicated to objectives similar to those of the Arctic Division of the Association, as determined by the Executive Committee of the Arctic Division, and provided that such organization is exempt under Section 501 (c)(3) of the Internal Revenue Code of 1954, as amended, or under such successor provision of the Code as may be in effect at the time of the Division's dissolution.

Under legislation approved by the House on Tuesday, SunTrust and other banks with up to $ 250 billion in assets could be exempted from the toughest rules of the Dodd - Frank law.

Upon the dissolution of the association known as the New Jersey Association of School Librarians, Inc., the Board of Trustees will, after paying or making provision for the payment of all of the liabilities of the Association, distribute the remaining assets to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as will at the time qualify as an exempt organization or organizations under section 501 (c)(3) of the Internal Revenue Code of 1954 (or the corresponding provisions of any future United States Internal Revenue Law), as the Board of Trustees will determine, or to a state, federal or local government for a public purpose.

Good faith margin account: Type of account allowed under Reg T for margin transactions in exempt securities, non-equity securities, money market mutual fund shares, or shares in a mutual fund that has at least 95 % of its assets continuously invested in exempted securities.

It has been general practice in a bankruptcy that, under the previous legislation, reasonable jewelry such as a wedding ring and small personal accessories would be included as ordinary apparel and as such most trustees considered these assets to be exempt from seizure.

One way to avoid the estate tax is to gift assets out of the estate during lifetime in order to keep the estate under the exempted amount.

In a personal bankruptcy in Ontario, you must assign all your assets to the trustee, except for exempt property (such as basic furniture, tools - of - trade and, under certain circumstances, the goods and services tax credit payments).

In chapter 13, it is possible to keep these unexempt assets IF the debtor pays the creditors the value of the asset through the chapter 13 plan.For example, say a debtor is using the New York exemptions and has a car worth $ 10,000, with no loan, and can only exempt $ 4,000 under New York's motor vehicle exemption.

Under Minnesota Statute 550.37, certain assets of a debtor are considered exempt.

Under recently updated 2018 tax laws, this means that an unmarried person can pass $ 11,200,000 in exempt assets and a married couple can pass almost $ 22,400,000 without federal estate taxes.

• Retirement accounts, options, warrants, stocks purchased on margin including stocks purchased with the proceeds of a mortgage loan, and any securities that are not either (i) registered upon issuance under the Securities Act of 1993 or (ii) exempt from registrations thereunder are not acceptable assets.

As of December 11, 2008, retail money market funds had $ 1.282 trillion in Assets Under Management (AUM), of which 77 % was in tax - exempt funds.

Under Chapter 7, some of your non-exempt assets may be sold to pay off your debts, while other property is protected (exempt) and can't be sold (what property is exempt versus non-exempt depends on both state and federal law).

Congress is now considering a bill that would exempt lenders with under $ 10 billion in assets from the rule, but larger banks are lobbying for changes in how the rule is interpreted and applied to them.

That means your cash value life insurance, or permanent life insurance policy, is not an «exempt» or «qualified» asset under the Medicaid rules either under the federal or various state rules.

Assets distributed in accordance with a QRDO are exempt from the federal 10 % early withdrawal penalty if under 59 1/2 years old.

«It would therefore be an asset that would be available to creditors, unless the debtor can exempt them under state or federal exemptions.

While, non-exempt assets are not protected assets under bankruptcy law and can be sold to pay down your debt, careful bankruptcy planning with an experienced Massachusetts bankruptcy lawyer can usually result in all of your assets being exempt.

In determining whether a defendant has substantial liquid assets, the judge shall not consider up to Ten Thousand Dollars ($ 10,000.00) in tangible personal property, including motor vehicles, household goods, or any other assets exempted from seizure under execution or attachment as provided under Section 85 -3-1.

It is exempt from Land Transfer Tax and is not considered part of the deceased's assets under the terms of a will or on an intestacy.

Conceding that this may appear unfair, the Court also pointed out that the wife's equalization claim in this case was based primarily on the value of a single asset: the farm property, which happened to be exempt from bankruptcy under Manitoba legislation and therefore not accessible to creditors.

This is because pension assets can be subject to special provisions under the Ontario Pension Benefits Act, which keep them exempt from seizure by way of execution, which includes seizure by a bankruptcy trustee.

One way to avoid the estate tax is to gift assets out of the estate during lifetime in order to keep the estate under the exempted amount.

If there is a mechanism by which assets «that meet the definition of a «security» under the federal securities laws» can be traded, then «the platform must register with the SEC as a national securities exchange» provided it is not otherwise exempt from registration.

Transfers of assets between spouses or civil partners who are separated are exempt from CGT if they are made under a separation agreement or a court order.

Under Chapter 7 of the federal Bankruptcy Code, all of the debtor's nonexempt assets (each state provides that some assets are exempt from the federal Bankruptcy Code) are liquidated by the trustee and distributed to creditors.