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/Rect [63.6145 586.56 203.535 601.32] /CM15 << /T ( State of) /Length 38 111 0 R 112 0 R 113 0 R 114 0 R] endobj /StructParent 698 /GS0 378 0 R /Resources << >> endobj << << All rights reserved. /Type /Annot /AA << /MK << /StructParent 573 /Font << /Rect [155.687 241.771 168.167 254.491] (ix) Successor Designated Representatives. endobj /CA (4) /Ff 8388608 /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /P 135 0 R /P 131 0 R 156 0 obj /Font << /AA << /PDFDocEncoding 151 0 R /Rect [450.702 699.109 558.702 713.869] /FT /Tx << << 218 0 R 270 0 R 256 0 R 273 0 R 257 0 R 258 0 R 259 0 R 260 0 R 110 0 R 115 0 R /GS0 378 0 R During any period or periods that no Designated Representative is acting with respect to the trust, the Trustee shall provide the accountings and notices to be given by the Trustee pursuant to the provisions of Section 15.23 of this Article, to the qualified beneficiaries of the trust. /AP << The drafter could consider language similar to the following with respect to employment of agents: (n) to employ persons, including, but not limited to, attorneys, accountants, investment advisors, or agents, even if they are the Trustee, an affiliate of the Trustee, or otherwise associated with the Trustee, to advise or assist the Trustee in the exercise of any of the Trustees powers and to pay reasonable compensation and costs incurred in connection with such employment from the assets of the trust; to act without independent investigation on their recommendations; and, instead of acting personally, to employ one or more agents to perform any act of administration, whether or not discretionary; and to do all of the foregoing without notice to the qualified beneficiaries of such trust. /Subtype /Widget BT /StructParent 695 >> /PageUIDList << /T (D) /Type /Annot /Length 112 << (4) Tj /N 527 0 R >> >> /PDFDocEncoding 151 0 R 0 0 Td /Type /Annot /F 4 280 0 obj endobj /T (MLPFS Account_2_3) WebNo individual Trustee is empowered to make decisions on behalf of the Trust outside of any specific authority set out in this scheme of delegation. 318 0 obj /P 129 0 R 296 0 obj >> /StructParent 735 168 0 obj /degree /plusminus /twosuperior /threesuperior /acute /mu 183 /periodcentered /cedilla /onesuperior /Helv 152 0 R << /AS /Off /FormType 1 /Subtype /Form /MaxLen 5 EMC /FT /Sig /MK << /Type /Annot /Type /Annot /Length 112 >> /Parent 72 0 R /Rect [68.76 574.2 144.72 588.84] >> /Font << >> Q >> /Resources <<
/FormType 1 /Rect [229.92 71.88 283.08 87.24] /Type /Page Collective delegation is where trustees delegate certain functions, as a collective body, to agents. /Subtype /Widget 83 0 obj endobj >> /Type /Annot /FT /Tx /FT /Tx >> /MaxLen 4 327 0 obj /Adieresis /Aring /AE /Ccedilla /Egrave /Eacute /Ecircumflex /Edieresis /Igrave /Iacute endobj /AP << /StructParent 582 (viii) Appointment of Successor Designated Representatives in Default of Designation. >> /ProcSet [/PDF] /FT /Tx /AP << endobj /Encoding << endobj /MaxLen 5 /Off 311 0 R 0 0 Td 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R stream
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Title to trust property shall be taken as follows: Jane Doe and James Smith, not individually but solely as Co-Trustees of the John Doe Delta Trust U/A/D 7/1/07. 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R >> >> endstream endobj 1 1 10.48 10.72 re /ProcSet [/PDF /Text] /StructParent 585 /StructParent 586 /P 129 0 R >> >> 341 0 obj << endobj 283 0 obj /DA (/Helv 10 Tf 0 g) endobj ET >> >> >> /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /AP << /Type /Annot << /Rect [54 174.24 306 187.56] /Type /XObject >> /First 387 0 R /Ff 29360128 << /Font << >> Applicable state law, including, while applicable, Florida Statutes 736.0105(2), may provide certain mandatory and non-waivable provisions that apply to each trust created under this trust instrument. /TU (Signature of Trustees requiring Notarization: \(All current trustees must sign. /Parent 70 0 R >> /PDFDocEncoding 166 0 R /BBox [0.0 0.0 12.48 12.72] /MK << /LineHeight 10.75 /F 4 << If required by applicable law, and subject to the provisions of Section 15.24 of this Article with respect to the appointment of representatives, the Trustee shall: (a) within sixty (60) days after acceptance of the trust, give notice to the qualified beneficiaries of the acceptance of the trust and the full name and address of the Trustee; (b) within sixty (60) days after the date the Trustee acquires knowledge of the creation of an irrevocable trust, or the date the Trustee acquires knowledge that a formerly revocable trust has become irrevocable, whether by death of the Settlor or otherwise, give notice to the qualified beneficiaries of the trusts existence, the identity of the Settlor, the right to request a copy of the trust instrument, and the right to accountings; (c) upon reasonable request, provide a qualified beneficiary with a complete copy of the trust instrument; (d) in the case of an irrevocable trust, provide a trust accounting, as set forth in F.S. /MaxLen 3 /Subtype /Widget >> /TU (9A. /BBox [0.0 0.0 12.48 12.72] >> /StructParent 720 /T1_1 384 0 R >> >> /BleedBox [0.0 0.0 612.0 792.0] /Bl 325 0 R /Matrix [1 0 0 1 0 0] >> /ZaDb 550 0 R /TU (MLPF&S Account #1 \(For Internal Use Only\): Enter the last 5-digits of the 8-digit Merrill Account Number) /Type /Annot >> /Type /XObject Limitation of Powers The Trust is constituted solely for the purpose of making the investment in the Equipment Notes, and, except as set forth herein, the Trustee shall not be authorized or empowered to acquire any other investments or engage in any other activities and, in particular, the Trustee shall not be authorized or empowered to do anything that would cause such Trust to fail to qualify as a "grantor trust" for federal income tax purposes (including as subject to this restriction, acquiring any Aircraft (as defined in the respective Indentures) by bidding such Equipment Notes or otherwise, or taking any action with respect to any such Aircraft once acquired). /FT /Tx /AS /Off /T (2B2 - Date of Birth_1) /Parent 70 0 R /Rect [68.76 272.88 144.72 287.52] /TU (The foregoing instrument was acknowledged before me, a Notary Public, this: \(Enter Month\)) /StructParent 681 /LineHeight 15.5 /Type /XObject /TU (Country of residency for Trustee Name 3) >> /F 4 /CA (4) << 241 0 obj >> /StructParent 520 endobj endobj /DA (/Helv 10 Tf 0 g) Appointment of Trustees (A) The power of appointing new trustees shall be vested in the Issuer but a trustee so appointed must in the first place be approved by the Borrower and subsequently by an Extraordinary Resolution or Written Resolution. /TU (Notary Acknowledgement: Please note that all fields, including the boxes below, must be completed by the Notary or the document will be rejected. /DA (/Helv 10 Tf 0 g) /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] /DA (/Helv 0 Tf 0 g) /MaxLen 2 /Tabs /S /P 136 0 R /Subtype /Widget /Type /XObject /LastModified 279 0 obj /OriginalDocumentID /AA << /MK << /PageUIDList << The trustee shall exercise reasonable care, skill, and caution in: (1) Selecting an agent; (2) Establishing the scope and terms of the delegation, consistent with the purposes and terms of the trust; and /MK << /Rect [405.84 282.12 509.76 295.44] /P 135 0 R /FT /Sig << /Subtype /Widget /Rect [341.447 244.651 557.447 259.411] endobj /AA << 16 0 obj Q /Subtype /Type1 << << << /DA (/Helv 10 Tf 0 g) /TrimBox [0.0 0.0 612.0 792.0] /TU (Signature of Trustee) >> endobj /ProcSet [/PDF /Text] << >> EMC >> /Type /Annot /F 4 /Subtype /Form /T ( by_1) /Type /Annot /Rect [409.92 71.88 463.08 87.24] << Accordingly, with respect to each trust created under this trust instrument, the Trustee may disregard the interests of the remaindermen in making discretionary distributions to a current beneficiary. /Type /Annot /CS0 [/ICCBased 377 0 R] /Subtype /Widget /CA (4) /Subtype /Widget
/TU (MLPF&S Account #2 \(For Internal Use Only\): Enter the first 3-digits of the 8-digit Merrill Account Number) /DA (/Helv 10 Tf 0 g) endstream /TU (MLPF&S Account #3 \(For Internal Use Only\): Enter the first 3-digits of the 8-digit Merrill Account Number) /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron /TU (D\) Agreed and Certified to this: Enter Month) /S /JavaScript >> Trustee owning stock in name of nominee - Exemption. >> /Rect [312.48 498.92 556.56 513.68] /F 4 /K 177 0 R /StructParent 668 /FT /Tx /FormType 1 endobj /SpaceAfter 16 /FT /Tx /Font << << /LastModified (D:20211209093206-05'00') /DocumentID /DA (/Helv 10 Tf 0 g) 511 0 R 512 0 R 513 0 R 514 0 R 515 0 R 516 0 R 517 0 R] /Encoding << /MK << /PDFDocEncoding 156 0 R /DA (/Helv 10 Tf 0 g) /JS (SyncCheckboxes\(event.target\);) /T (Signature of Trustee_8) Broadly, these restrictions prevent trustees from handing over to agents decisions that affect the entitlement of beneficiaries to the trust fund and from delegating their own powers of delegation. /DA (/Helv 10 Tf 0 g) >> >> Nominees simply have their name on the legal title to trust assets whereas custodians look after the trust assets, typically the documents or other evidence of the trustees title. /MK << endobj Without notice to the qualified beneficiaries, a Trustee authorized to make distributions to or for the benefit of a beneficiary may, by an instrument in writing, signed and acknowledged by the Trustee and filed with the records of the trust, instead exercise the power by appointing all or part of the principal of the trust subject to the power in favor of a Trustee of another trust for the benefit of one (1) or more of the beneficiaries under the same trust instrument or under a different trust instrument, provided the exercise otherwise complies with the provisions of F.S. /DA (/Helv 10 Tf 0 g) (B) Relinquishment of Powers. /Ff 8388608 /Subtype /Widget /Type /Encoding /DA (/Helv 0 Tf 0 g) /Subtype /Widget /Type /Annot /TU (Please check one of the following \(REQUIRED\): Produced the following type of identification:) /LastModified (D:20211209094527-05'00') /FT /Tx /Matrix [1.0 0.0 0.0 1.0 0.0 0.0] >> endstream /N << stream
/BBox [0.0 0.0 100.0 100.0] /On 312 0 R /P 134 0 R /Ff 8388608 /Type /XObject /Length 114 /O /Layout << 218 0 obj /Parent 70 0 R Without limiting the foregoing and to the extent not inconsistent with the 1940 Act or other applicable law, the Trustees shall have power and authority: Most comprehensive library of legal defined terms on your mobile device, All contents of the lawinsider.com excluding publicly sourced documents are Copyright 2013-, Provisions Regarding Payment of Retirement Benefits to Non-individual Beneficiaries. /StructParent 457 >> /F 4 >> 1.0 4.21616 370.08] << /MK << /FT /Tx 364 0 obj /P 136 0 R /Rect [475.007 304.171 495.047 318.931] /MK << endobj >> /JS (SyncCheckboxes\(event.target\);) /Parent 70 0 R /Parent 70 0 R /Ff 29360128 /P 134 0 R /Subtype /Type1 /F 4 >> /TU (A\) Agreed and Certified to this year of: \(Enter 4-Digit Year\)) /CM14 << 2.4362 3.3161 Td /BBox [0.0 0.0 9.36 9.48001] 102 0 obj 314 0 obj /O /Layout /StructParent 614 >> >> /Resources << << >> >> >> /S /JavaScript 4. >> endobj endobj >> endobj /T (Margin transactions including short sales04) /FT /Tx << /Matrix [1 0 0 1 0 0] /CA (4) /P 136 0 R >> /Type /Annot /Length 83 /S /JavaScript 118 0 obj /CS0 [/ICCBased 377 0 R] /Subtype /Form /BBox [0.0 0.0 9.36 9.48] << /T (B) /Type /Annot /T ( this) endobj 0.749023 g /Ff 8388608 1 Christopher W. Boyett, Oh, the Places Id Go (Choice of Law, Governing Law, & the Principal Place of Administration Under the Florida Trust Code), Drafting Trusts Under the New Florida Trust Code, Fla. Bar. 368 0 obj /F 4 n /Filter /FlateDecode /BBox [0.0 0.0 12.48 12.72] /Ff 8388608 /Ff 29360128 /Type /Annot /StructParent 641 /Subtype /Widget endobj /Off 316 0 R /LineHeight 14 60 0 obj /0 612.0 /O /Layout /StructParent 508 /MK << /MK << /ZaDb 8.9925 Tf Q
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/Type /XObject >> /TU (Signature of Notary Public) /Rect [409.92 71.88 463.08 87.24] /Subtype /Form >> /TU (Signature of Trustee #3) >> /S /JavaScript W 260 0 obj /F 4 >> With respect to each trust created under this trust instrument, the Trustee may renounce any interest or expectancy of the trust in any one (1) or more business opportunities presented to the Trustee and the Trustee is not prohibited from participating in these business opportunities as a result of such renunciation. 4. /P 136 0 R /Type /XObject >> /Parent 70 0 R /Parent 70 0 R /AS /Off q endobj /A 309 0 R /P 129 0 R /FT /Tx >> /Subtype /Widget /TU (day of: \(Enter 2-Digit Day\)) /StyleSpan /Span >> /FT /Tx /StructParent 535 /BBox [0.0 0.0 12.48 12.72] /F 4 /StartIndent 19.5 /Subtype /Form /Length 12 >>
/FT /Tx /F 4 EMC << /Rect [341.4 212.04 557.4 225.36] EMC /StructParent 505 /ExtGState << /Encoding << /TextAlign /Justify >> /AA << >> >> << endobj << Upon any revocation, amendment or cancellation, the holder of the power to designate successor Designated Representatives of the trusts held pursuant to this trust instrument have the same powers with respect to designating successor Designated Representatives by name or establishing a plan in the manner provided above, as if such power had never been exercised. It can be customized to fit the needs of a specific company. /Tabs /S /T (Type of identification05) /Ff 8388608 >> << If the Trustees elect to follow the course specified in clause (b), the Trustees, upon the written request of such applicants, accompanied by a tender of the material to be transmitted and of the reasonable expenses of transmittal, shall, with reasonable promptness, transmit such material to all Shareholders of record at their addresses as recorded on the books of the Trust (or at the telephone or facsimile number or e-mail or other electronic address most recently furnished to the Trust (or its agent) by the Shareholder), unless within five business days after such tender the Trustees shall transmit to such applicants and file with the Commission, together with a copy of the material proposed to be transmitted, a written statement signed by at least a majority of the Trustees to the effect that in their opinion either such material contains untrue statements of fact or omits to state facts necessary to make the statements contained therein not misleading, or would be in violation of applicable law, and specifying the basis of such opinion. /FT /Tx 115 0 obj /MK << endstream << /Ff 29360128 BT /FT /Btn /Type /Annot /T ( Print Name of Notary Public_2) 200 0 obj /FT /Tx f 134 0 obj >> 216 0 obj >> 101 0 obj /FT /Tx /T1_1 384 0 R /JS (SyncCheckboxes\(event.target\);) /FT /Tx >> /Subtype /Type1 Trustee voting corporate stock. /Type /Annot /Type /XObject /N 536 0 R /Font << 0.749023 g << WebDemonstrated ability to lead teams of which there is no formal authority. >> /P 134 0 R /P 135 0 R >> /Rect [54.0 245.4 331.32 261.6] /Tx BMC >> /ProcSet [/PDF /Text] /CM10 << /AP << /TU (20: Enter the last 2-Digits of Year) >> /OriginalDocumentID /Filter /FlateDecode /Font << /quoteright /quotesinglbase /trademark /fi /fl /Lslash /OE /Scaron /Ydieresis /Zcaron /O /Layout 8.6597 TL 176 0 obj /BaseFont /Helvetica endobj 2.2937 2.8304 Td With respect to the authority of Co-Trustees to sign and whether all or less than all Co-Trustees are required in order to exercise powers of the Trustee, Section 15.16 of Article XV of the Trust Agreement provides as follows: (a) Majority Vote to Govern. << /Ff 29360128 endobj >> /P 134 0 R /Ff 8388608 /F 4 /MaxLen 2 /Type /Annot /ProcSet [/PDF] /TU (MLPF&S Account #2: \(For Internal Use Only\): Enter the last 5-digits of the 8-digit Merrill Account Number)