Actions by Co-Trustees Sample Clauses

Actions by Co-Trustees. When multiple Trustees are serving as Co-Trustees of the Trust, and the Settlor is serving as a Co-Trustee, the Settlor (in the Settlor’s capacity as a Co- Trustee) will have the authority to act alone and independently of the other Trustees then serving, without the necessity of consultation with or approval of any other Co-Trustee or Co-Trustees. Otherwise, in all matters relating to each trust created under this Trust Agreement, the decision of a majority of the Trustees then serving will control. Any writing signed by a Co-Trustee with the authority to act alone and independently or whose decision controls will be valid and effective for all purposes as if signed by all such Trustees.
Sample 1
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