Accounting by Trustees. Each year the Trustees shall render to the Company an account of their administration of the Trust for the year ending on the preceding 31st of December. The written approval of said account by the Board of Directors or the Executive Committee of the Company shall, as to all matters and transactions stated therein or shown thereby, be final and binding upon all persons who are then or who may thereafter become interested in this Plan and Trust.
Accounting by Trustees. Each year the Trustees shall render to the beneficiary or beneficiaries then entitled or eligible to receive income of each trust created herein an accounting of the administration of such trust, and such accounting shall be deemed to have been accepted and approved by each such beneficiary who shall not have delivered written objection thereto to the Trustees within thirty (30) days after receipt of such accounting.
Accounting by Trustees. The Trustees shall deliver an annual accounting of their transactions to the Donor no later than the date the Foundation files its annual information return, currently Form 990, with the Internal Revenue Service. The Trustees shall be released with respect to all matters and things set forth in such account as though such account had been settled by the decree of a court of competent jurisdiction.
Accounting by Trustees. The Trustees may render an accounting at any time to the Beneficiary of the Trust, and the written approval of the beneficiary shall be final, binding.. and conclusive upon all persons then or thereafter interested in the Trust for that Beneficiary. The Trustees may at any time render a judicial account of their proceedings for the Trust.
Accounting by Trustees. The Trustees shall render accounts of their transactions to the Donor monthly and provide an annual summary, and the Donor may approve such accounts by an instrument in writing delivered to the Trustees. In the absence of the filing in writing with the Trustees by the Donor of exceptions or objections to any such account within 60 days, the Donor shall be deemed to have approved such account; and in such case or upon the written approval of the Donor of any such account, the Trustees shall be released, relieved, and discharged with respect to all matters and things set forth in such account as though such account had been settled by the decree of a court of competent jurisdiction. No person other than the Donor may require an accounting or bring any action against the Trustees with respect to this trust. The Trustees may at any time initiate legal action or proceedings for the settlement of their accounts and, except as otherwise required by law, the only necessary party defendant to any such action or proceedings shall be the Donor.
Accounting by Trustees. The Trustees shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made, including such specific records as shall be agreed upon in writing between Interep and the Trustees. Within 60 days following the close of each calendar year and within 60 days after the removal or resignation of one or more of the Trustees, the Trustees shall deliver to Interep a written account of his administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation, as the case may be.
Accounting by Trustees. The Trustees shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be done, including such specific records as shall be agreed upon in writing between Employer and the Trustees. All such accounts, books and records shall be open to inspection and audit at all reasonable times by Employer, by participants, and by those beneficiaries who are in pay status. Within sixty (60) days following the close of each calendar year and within sixty (60) days after the removal or resignation of a Trustee, the Trustees shall deliver to Employer a written account of administration of the Trust during such year or during the period from the close of the last preceding year to the date of such removal or resignation, setting forth all investments, receipts, disbursements and other transactions, effected by the Trustees, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation, as the case may be.
Accounting by Trustees. The Trustees shall keep accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made, including such specific record as shall be agreed upon in writing between the Company and the Trustees.
Accounting by Trustees. The Trustees shall render accounts of their transactions to Donor at least annually, and Donor may approve such accounts by an instrument in writing delivered to the Trustees. In the absence of the filing in writing with the Trustees by Donor of exceptions or objections to any such account within sixty (60) days, Donor shall be deemed to have approved such account; and in such case or upon the written approval of Donor of any such account, the Trustees shall be released with respect to all matters and things set forth in such account as though such account had been settled by the decree of a court of competent jurisdiction. Except as otherwise provided under state or federal law, no person other than Donor may require an accounting or bring any action against the Trustees with respect to the Foundation.
Accounting by Trustees. The fiscal year of this Trust shall be the Calendar Year. The Trustees may, but are not required to: (i) obtain outside audits or reviews of this Trust’s books and records; or (ii) provide reports as to this Trust’s activities and/or finances to the Beneficiaries or UIC. The Trustees may at any time render an account of their proceedings for this Trust to the Superior Court for the Second Judicial District, at Xxxxxx.
