Appointment by Trustees Clause Samples
The 'Appointment by Trustees' clause defines the authority and process by which trustees can appoint new trustees or fill vacancies within a trust. Typically, this clause outlines who has the power to make such appointments, any conditions or procedures that must be followed, and may specify qualifications or limitations for new appointees. Its core practical function is to ensure the continuity and proper administration of the trust by providing a clear mechanism for maintaining or replenishing the group of trustees as needed.
Appointment by Trustees. In any case where a Whanau Hapu has been without a trustee for a period of three (3) months, the power to appoint a new Trustee for that Whanau Hapu shall be vested in the Trustees.
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Appointment by Trustees. In any case where, a ▇▇▇▇▇▇ ▇▇▇▇ has been without a trustee for a period of three (3) months, the power to appoint a new Trustee for that ▇▇▇▇▇▇ ▇▇▇▇ shall be vested in the Trustees.