Sentences with phrase «trustee only act»

Not exact matches

The Acting Board of Trustees Chairman argued that the Board only carried out oversight functions of contracts approved by FEC reiterating that he only signed agreements not the contracts.

In the twenty years since the first Massachusetts charter school opened following the passage of the Massachusetts Education Reform Act of 1993, charter schools both nationwide and within Massachusetts have strayed from their original, neighborhood - driven roots and have become increasingly corporatized; statewide, parents of students in charter schools comprise only 14 % of charter trustees, with more than double that percentage — 31 % — comprised by corporate representatives.

A consumer proposal is an option under the Bankruptcy and Insolvency Act to settle your debts for less than you owe and still receive the creditor protection only available through a Licensed Insolvency Trustee.

In Canada only a Licensed Insolvency Trustee can administer a consumer proposal, which is a procedure available under the Bankruptcy and Insolvency Act.

A consumer proposal can only be filed by a Licensed Insolvency Trustee acting in their capacity as a Consumer Proposal Administrator.

One thing Troy was careful to note was that 4 Pillars does not file for bankruptcy (or consumer proposals) on clients» behalf, since only Licensed Insolvency Trustees (LIT) can do that, per Canada's Bankruptcy Insolvency Act.

Bankruptcy can only be filed by a licensed trustee in bankruptcy under the Bankruptcy and Insolvency Act (BIA) as set out by the Office of the Superintendent of Bankruptcy.

In addition, only a licensed Trustee in Bankruptcy is authorized to file a consumer proposal under the Bankruptcy and Insolvency Act.

Any agreement related to a Plan will be in writing and provide that: (a) it may be terminated by the Trust or the Funds at any time upon sixty days written notice, without the payment of any penalty, by vote of a majority of the respective Rule 12b - 1 Trustees, or by vote of a majority of the outstanding voting securities of the Trust or the Funds; (b) it will automatically terminate in the event of its assignment (as defined in the 1940 Act); and (c) it will continue in effect for a period of more than one year from the date of its execution or adoption only so long as such continuance is specifically approved at least annually by a majority of the Board and a majority of the Rule 12b - 1 Trustees by votes cast in person at a meeting called for the purpose of voting on such agreement.

Where land or rent is vested in a trustee upon an express trust, the right of the beneficiary of the trust or a person claiming through the beneficiary to bring an action against the trustee or a person claiming through the trustee to recover the land or rent, shall be deemed to have first accrued, according to the meaning of this Act, at and not before the time at which the land or rent has been conveyed to a purchaser for a valuable consideration, and shall then be deemed to have accrued only as against such purchaser and any person claiming through the purchaser.

The Bill would also amend the Trustee Act 1925 so that trustees can apply the whole, rather than only half, of the trust assets before the trustee reaches aduTrustee Act 1925 so that trustees can apply the whole, rather than only half, of the trust assets before the trustee reaches adutrustee reaches adulthood.