The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
The meaning of TRUSTEE is a natural or legal person to whom property is legally committed to be administered for the benefit of a beneficiary (such as a person or a charitable organization). How to use trustee in a sentence.
Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee ...
A trustee is a fiduciary of the trust beneficiary. A fiduciary is legally bound to act, within the confines of the law, in the best interests of the beneficiary. A trustee is in a special position of confidence in relation to the beneficiary because the trustee has control of property that...
Property Trustee Accounthas the meaning set forth in Section 3.8(c). Related TrusteeMeans the trustee under the Related Pass Through Trust Agreement. Note A-3 Trusteemeans the trustee under the Note A-3 PSA. Administrative Trusteemeans each of the Persons identified as an “Administrative Trustee...
What is a trustee of a trust?A trustee is the person who is granted the legal title of some property, meaning that the trustee is responsible for managing and controlling the property for the benefit of another. That other person, known as the beneficiary, owns the equitable title and is ...
In terms of administering the trust, the trustee is a fiduciary of the trust, meaning that he or she has to exercise a high degree of care when dealing with and managing the trust property. The trustee also has a duty of loyalty, meaning he or she must act loyal to, and in the inte...
The trustee plays a crucial role in the management and distribution of a trust. Find out what the trustee's responsibilities are and how to choose one.
athe Trustee herein further declares he shall upon demand transfer, dispose or sell the said Trust Property to whomsoever as the Beneficiary so decides or directs and shall hold in absolute trust for the Beneficiary in the sale proceeds or interests and profits arising therefrom. 此中委托人促进宣...
A trustee is thus responsible for properly managing all property and other assets placed in the trust for the beneficiaries. A trustee's specific duties are unique to the trust agreement and are dictated by the type of assets held in the trust. For instance, if a trust holds various rental...