Sentences with phrase «trustee holds property»

A trust is an arrangement under which a trustee holds property for the benefit of one or more beneficiaries.

Not exact matches

If any Shares remain outstanding after the date of termination, the Trustee thereafter shall discontinue the registration of transfers of Shares, shall not make any distributions to Shareholders, and shall not give any further notices or perform any further acts under the Trust Agreement, except that the Trustee will continue to collect distributions pertaining to Trust assets and hold the same uninvested and without liability for interest, pay the Trust's expenses and sell Bitcoins as necessary to meet those expenses and will continue to deliver Trust assets, together with any distributions received with respect thereto and the net proceeds of the sale of any other property, in exchange for Shares surrendered to the Trustee (after deducting or upon payment of, in each case, the fee to the Trustee for the surrender of Shares, any expenses for the account of the Shareholders in accordance with the terms and conditions of the Trust Agreement, and any applicable taxes or other governmental charges).

At a meeting this week, SUNY trustees vented about how long it has taken to finalize more than two dozen contracts between campuses and their supporting foundations, which solicit funds and hold property on behalf of the schools.

The properties were said to be held in the name of Ariwabai Aruera Reachout Foundation, which Mrs. Jonathan was said to be one of its «trustees.»

A trust is created by a settlor, who transfers title to some or all of his or her property to a trustee, who then holds title to that property in IN WATCHING the flow of events over the past decade or so, it is hard to avoid the feeling that something very fundamental has happened in world

A trust exists when a person (a trustee) holds property as its nominal owner for the good of one or more beneficiaries.

The trustee «holds» the property for the borrower until the borrower has repaid the lender, at which time the deed becomes nullified.

The trustees of the mutual fund hold its property for the benefit of the unit holders.

Trustee: A fiduciary who holds property in trust for another to secure performance of an obligation or act.

Harassment by Creditors — by Downriver, Michigan Bankruptcy Attorney, Christopher McAvoy Hardship Discharge — by Philadelphia Bankruptcy Lawyer, Kim Coleman Hearing — by Omaha / Lincoln, Nebraska Bankruptcy Attorney, Ryan D. Caldwell Hearings — by Birmingham Bankruptcy Attorney, Elizabeth Johnson Hijacking — by Christine A. Wilton, Lakewood, Ca Bankruptcy Lawyer Holding Property for Another — by St. Louis, Missouri Bankruptcy Attorney Nancy Stokley Martin Home is Where the Heart Is — by San Francisco Bankruptcy Attorney, Jeena Cho Home: Can the Trustee Take It?

A Trustee (a person or entity who holds legal title to the property, and who has a fiduciary responsibility to manage the property per the terms of the trust)

A trust is an arrangement where a person or company (the trustee) holds assets (trust property) in trust for the benefit of others (the beneficiaries).

Trust: An instrument placing ownership of property in the name of one person, called a trustee, to be held by the trustee for the use and benefit of some other person.

An instrument placing ownership of property in the name of one person, called a trustee, to be held by the trustee for the use and benefit of some other person.

The undersigned hereby release, waive, discharge, covenant not to sue and agree to indemnify and hold harmless AWS and all its officers, trustees, agents, employees, parents and volunteers («releasees»), whether acting officially or otherwise, for any and all loss or damage and any claim or demands therefore on account of injury to the person or property arising out of or related to the AWS Humane Education programming, whether caused by the negligence of the releasees or otherwise.

Photographer hereby releases, indemnifies, and agrees to hold harmless the Museum, its trustees, officers, employees, and agents from any and all liability, claims, suits, actions, damages, settlements and expenses, including reasonable attorney's fees, arising out of injuries to persons, damages to property, claims based on alleged defamation or infringement of rights to copyright, trademark, service mark or other intellectual property, or rights to privacy and / or any and all other damages in connection with Photographer's activities and use of the Museum's facilities or equipment, whether from an occurrence at the Museum facility during such use, or at any other time and place, AND NOTWITHSTANDING ANY NEGLIGENCE THAT MIGHT BE ALLEGED AGAINST, OR ATTRIBUTED TO THE MUSEUM OR ANY PERSON INDEMNIFIED HEREUNDER.

In the spirit of Cooper's beliefs, the original Cooper Union charter stated that the trustees should never mortgage the property or go into debt for more than $ 5,000 a year (except in anticipation of rents and revenues), and that they would be held personally liable for any deficit.

Indeed, the Mother Church decisions defrocking Dionisije and reorganizing the Diocese in no way change formal title to all Diocesan property, which continues to be in the respondent property - holding corporations in trust for all members of the reorganized Dioceses; only the identity of the trustees is altered by the Mother Church's ecclesiastical determinations.

131 (1872), where the Court held that the appointed trustees of the property of a congregational church

The trustee, meanwhile, is simply the person or institution that holds the property until the Trust's conditions are met.

When making an application for an order appointing a Commitee, an estate trustee may wish to seek further advice from the court with respect to how long the property should be held and what should be done if the person still can not be located in the future.

Held in trust: Property held by someone other than the owner, such as a trustee or an agHeld in trust: Property held by someone other than the owner, such as a trustee or an agheld by someone other than the owner, such as a trustee or an agent.

Joint living trust: A cancelable arrangement created by a married couple («Grantors»), whereby the Grantors transfer property to a trustee to be held for the benefit of the Grantors while alive, then distributed to named beneficiaries.

Money or property of an estate is held in custody, or in trust, by a trustee until it is turned over to an heir.

Revocable Trust: A cancelable arrangement created by a person («Grantor»), whereby the Grantor transfers property to a trustee to be held for the benefit of the Grantor while alive, then distributed to named beneficiaries.

The rules for investing property held in trust by the Public Guardian and Trustee are revised to reflect current practice.

The trustee, however, holds the legal title to the property.

Modern estate planners have the property held in trust by a trustee with an equitable life estate beneficiary and a trust instrument that is more clear about who is responsible for what.

Recently, in March 2017, in the case of First Subsea the Court of Appeal unanimously held that section 21 (1)(a) was engaged in cases where a class 1 trustee committed fraud and the breach did not involve misappropriation of property.

Trustees are individuals appointed to hold property in trust for the benefit of any beneficiaries of that trust.

The CIO format is designed only for charities and aims to combine the best of both worlds — all the advantages of corporate status, including separate legal personality (so that a CIO is able to conduct business and hold property in its own name rather than under the names of the individual trustees), and limitation of liability for its trustees and members, while at the same time avoiding dual regulation under both company law and charity law.

«A trust is the relationship which arises whenever a person (called the trustee) is compelled in equity to hold property, whether real or personal, and whether by legal or equitable title, for the benefit of some persons (of whom he may be one, and who are termed beneficiaries) or for some object permitted by law, in such a way that the real benefit of the property accrues, not to the trustees, but to the beneficiaries or other objects of the trust.»

Horler v Rubin [2012] EWCA 4, [2013] 1 BCLC 1 (CA) Insolvency Rules 1986, rr 8.1, 8.3; (whether person claiming beneficial interest in property held by trustee bound by proxy's vote at creditors» meeting)

Within the agreement, the trustee must be named who will hold the property in accordance to the terms of the agreement.

A trust is a legal document that is designed to hold property or assets of an individual (Grantor) or family and is managed by an individual or entity (Trustee) for the benefit of another individual or group of individuals (Beneficiary).

If a constructive trust is imposed, the court will determine that the damaged party is in fact the owner of the property and that the party currently in possession is merely holding the property as trustee for the other party.

In a trustee sale, the lender who holds the first loan on the property starts the bidding at the amount of the loan being foreclosed.

When the owner fails to pay up, a trustee sale is held, and the property is sold to the highest bidder.

Even properties held in properly prepared family trusts can be challenging upon resale when the successor trustees / heirs can't find the trust docs.

In real estate, DSTs are formed as private governing agreements under which a property or several properties are held, managed, administered, invested and / or operated for profit by a trustee for the benefit of the trustor.

Often these individuals hold property as joint trustees for their benefit.

If one spouse dies, the surviving spouse would hold title to the property as a trustee.