Common use of Manner of Distribution Clause in Contracts

Manner of Distribution. The Trustees may distribute the Shares and other property held as a part of the corpus of this Trust to the beneficiary directly or to the guardian, custodian, trustee, receiver, conservator or other similar official for the beneficiary. The Trustees will not be responsible for any distribution of the Shares or other property held as a part of the corpus of this Trust once it has been made to the beneficiary or for his benefit as herein provided.

Appears in 5 contracts

Samples: Shareholders’ Trust (Cap Rock Energy Corp), Shareholders’ Trust (Cap Rock Energy Corp), Shareholders’ Trust (Cap Rock Energy Corp)

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